US President Donald Trump signed an executive order on March 6, 2025, establishing a strategic Bitcoin Reserve.
Announcement made on the eve of a Summit The White House will match the judicial approval in January 2025, and it will be enforced Return 94,000 Bitcoin (BTC) to the Department of Justice Al Exchange Bitfinex, It was stolen in 2016 by hacking.
As reported by Cryptoics, the executive order details that Bitcoin Strategic Reserve will initially capitalize in BTC from citizens and criminal attacks; Taxpayer (Taxpayer). This explicit order requires that the digital assets be returned to “identifiable and verifiable victims” where applicable.
David Sachs, who appointed the “imperial cellar” of the White House, estimated that the government had around 200,000 BTC. Currently, numbers reduced by almost 6 After the Columbia District Court decision. According to Arkham Intelligence Data, the US government has a figure of 198.109k BTC, which is close to what Sacks mentioned.
The court ordered Bitfinex, valued at about $9,000 million at its current price, after years of lawsuits relating to the case of Illya Liechtenstein and Heather Morgan, accused of laundering some of the stolen funds almost a decade ago.
According to judicial documents, the return to Bitfinex corresponds to the need to compensate hacker victims. However, this move directly affects the amount of Bitcoin available in early strategic reserves.
If Sacks estimates are correct, The government can maintain just 100,000 BTC after complying with court orders. A number that question the expectations of those who have anticipated a more robust reserve as a national financial support.
The executive order also bans the sale of Bitcoin deposited in reserves and places them as long-term assets.
The Bitfinex case is not an isolated fact. Other victims of Hakkeos can claim a resurrection according to this precedentcan further reduce government holdings.
In summary, the return to Bitfinex, ordered by the District Court of Columbia, reduces the initial scope of the reserve and opens up the question of how strategic Bitcoin reserves will be maintained until the government purchases assets on a neutral budget.
(tagstotranslate) bitcoin (btc)
