Trump's Order Does Not Require U.S. Government to Purchase Bitcoin
Donald Trump issued an order in March 2025 to create a strategic reserve of Bitcoin for the United States, but this decision did not obligate the federal government to purchase Bitcoin from the open market. The current reserve is based on seized government assets, and any increase in its inventory must be done without imposing new costs on taxpayers. According to this order, the transferred Bitcoins to the reserve must be held as a long-term asset. The Department of the Treasury and the Department of Commerce are authorized to explore strategies to increase the reserve's inventory, but these strategies must be budget-neutral. Some sources estimate the U.S. government's Bitcoin holdings to be around 328,000 units, but this figure is not official. Bill H.R. 8957, titled "U.S. Reserve Modernization Act," passed the House Financial Services Committee on September 16 with a vote of 28 to 21. If finalized, this bill will create a legal framework for managing and auditing the government's Bitcoin assets. At the same time, the transfer of 2,650 Bitcoins, valued at approximately $205 million, from a wallet associated with Trump Media to the exchange Crypto.com raised speculation about the sale of these assets, but the company stated that the Bitcoins were not sold. As a result, the creation of a strategic Bitcoin reserve currently means the preservation and management of seized assets.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

CMCC Global Launches Tokenized Bitcoin Funds with Tether and Bitfinex Securities

Sam Price Monitors Bitcoin Price Fluctuations

Over 230,000 BTC Transferred On-Chain, Reaching Highest Volume Since 2026

HTX Research Analyst Chloe: Despite Significant Net Inflows into Bitcoin Spot ETFs, Macroeconomic Data Suppresses Rebound Potential

Yili Hua: Bitcoin's Volatile Market Tests Patience, Expecting Bottom-Fishing Opportunities

Crypto Vote to Impact Midterms, 3.1 Million Advocates Mobilized

Parker Lewis: Bitcoin Will Settle 100% Of Global Payments

Block Launches Bitcoin Advertising Campaign 'Bitcoin Does'

CZ Warns Phishing is More Dangerous than Bitcoin Decryption

Franklin Templeton wins Nasdaq approval for 2 dividend-to-BTC ETFs

Carl Moon Predicts Bullish Trend for Bitcoin

New York Fed buys 3.3 billion euros in government bonds, no new money for Bitcoin

CoinShares: Bitcoin's Resilience Emerges Amid Ongoing Fed Rate Hike Risks

Bitwise: Bitcoin Implied Volatility Drops to Three-Year Low

Bitcoin Funds See €570 Million Outflow on October 22

Killa: Frequent Short-term Trading Risks Missing Major Market Movements, Patience in Holding Positions is Important

Heatbit's $899 Water Heater Element Mines Bitcoin While It Heats Your Tank

QCP Capital: Credit Pressure in AI Infrastructure Drags Down Crypto Market

Bitcoin Core Changes Vulnerability Handling Policy

Netherlands imposes record fine of 37.25 million euros on illegal gambling sites

Bitcoin Exchange Net Outflow Drops to 1,500 BTC Daily, Futures Market Balances Between Bulls and Bears

PHP Releases Critical Fixes for Vulnerabilities Affecting Crypto Infrastructure

Sam Price Discusses the $5 Billion Bitcoin Battle

Analyst Says High Brent Crude Oil Prices Affect Bitcoin Liquidity

Utexo Launches Utexo Mint, Opening Early Access to USDT on the Bitcoin Network

Jameson Lopp warns Bitcoin holders against giving up self custody

Sam Price Reveals Large Ethereum Transfer Dynamics

Risk-Off Sentiment Spreads as Tech| WEEX TradFi Daily(October 23, 2026)
At the October 22 close, the Nasdaq fell about 2.6%, its steepest daily decline since June. Investors reassessed the potential returns on heavy AI investment, while spending commitments from companies such as Meta added to credit concerns. Risk aversion pushed long-bond yields lower, while Brent and WTI reached roughly five-month highs, with WTI nearing $100 a barrel. Bitcoin hovered around $81,000–$82,000, while gold and silver also weakened. Today’s pre-market focus is AXP and SLB earnings.

WEEX Exclusive:Risk-Off Sentiment Spreads as Tech| WEEX TradFi Daily(October 23, 2026)












