Investing.com -- Following the establishment of a US strategic Bitcoin Reserve and a separate stockpile of other digital assets, the government plans to conduct an audit to determine the amount of cryptocurrency it holds. This information was shared by a senior White House official at an industry summit today, and reported on by Bloomberg.
Last Thursday, President Donald Trump signed an executive order to create the Strategic Bitcoin Reserve and a separate collection of other digital assets. These will be capitalized with cryptocurrencies that have been forfeited in legal proceedings, according to the executive order.
The official revealed that at one point, the US held approximately 400,000 Bitcoin tokens after the shutdown of the Silk Road exchange. Around half of this amount was reportedly sold. The forthcoming audit will provide a more accurate count of the current holdings within the Bitcoin Reserve and the digital asset stockpile.
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