U.S. Government Doubles Down on Bitcoin Reserves After Asset Seizure

The U.S. government has significantly increased its Bitcoin holdings following a recent seizure, according to reports from PANews. The Treasury Department was granted authorization by the government to hold seized digital assets as part of a strategic reserve, expanding this pool of Bitcoin reserves by 64% overnight. This move brought the total amount of Bitcoin held by the U.S. government up to approximately 3.5% of the nation’s gold reserves in dollar terms following the seizure of assets from the Prince Group.