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U.S. Bitcoin strategic reserve
Key Points:* David Sacks proposes a budget-neutral strategy for U.S. Bitcoin acquisition.
His proposal carries economic implications, aiming to boost U.S. financial leverage without added debt.
Key Developments, Impact, And Reactions
David Sacks, at the Bitcoin 2025 conference, outlined a strategy for the U.S. government to acquire more Bitcoin, contingent on support from the Treasury or Commerce Department. The plan involves a budget-neutral approach, avoiding new taxes or increased national debt. President Trump authorized this potential acquisition, with interest expressed by the Winklevoss brothers. Market reactions are mixed, as stakeholders assess implications for Bitcoin’s market value.
Bitcoin Value Soars to $108,989.64 Amid U.S. Interest
Did you know? The concept of a “Crypto Strategic Reserve” appears novel, reflecting a significant U.S. governmental shift towards digital assets since Trump’s executive order prioritizing them.
Bitcoin’s market data as of May 28, 2025, indicates a current price of $108,989.64 with a market cap of $2.17 trillion. The 24-hour trading volume reached $52.43 billion, observing a 6.24% change. Price trends show a 30-day increase of 15.08% and a 90-day growth of 26.10%, per CoinMarketCap.