BlockBeats News, January 9 – ARK Invest founder Cathie Wood stated that the US government may start directly purchasing Bitcoin in the future to bolster the national Bitcoin strategic reserve, rather than relying solely on assets seized by law enforcement.
Wood pointed out in the recent episode of the “Bitcoin Brainstorm” podcast that although the Trump administration has established a national Bitcoin reserve through an executive order, so far the reserve has only been sourced from confiscated BTC, with no market purchases made yet. “The initial goal was to hold 1 million Bitcoins, so I believe they will eventually start buying,” Wood said.
She believes that Trump will continue to prioritize cryptocurrency issues amid midterm election pressures, which is positive for Bitcoin’s strategic reserve. On one hand, Trump’s and his family’s interests in the crypto industry are deepening; on the other hand, the crypto community played an important role in his winning the presidential election.
“He doesn’t want to be a ‘lame duck president’; he hopes to have one or two more productive years in office, and he sees crypto as a pathway to the future,” Wood said.
Reports indicate that the Trump administration has signed multiple executive orders to establish Bitcoin reserves and a crypto asset inventory, and has formed a crypto and AI working group led by David Sacks to promote industry legislation, including the GENIUS Act (stablecoin legislation).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Steak 'n Shake Credits Bitcoin Payments as Same-Store Sales Rise ‘Dramatically’
Steak ‘n Shake is leaning deeper into bitcoin, tying customer payments, employee bonuses, and a growing BTC treasury into a strategy the company says is boosting sales and reshaping its financial model.
Steak ‘n Shake Expands Burger-to- Bitcoin Strategy
Growing corporate experimentation with bitc
Coinpedia51m ago
Metaplanet Lines Up $255M in Funding As It Pursues 210,000 BTC
Metaplanet said Monday that it has secured roughly $255 million from global institutional investors through a third-party private placement, a fresh infusion meant to accelerate the company’s aggressive plan to amass 210,000 bitcoins.
The capital raise consists of newly issued shares sold at a
BlockChainReporter55m ago
Bitcoin Nears $75K as Trader Says BTC Price Squeeze Changes Nothing
Bitcoin extended a cautious rally at the start of the week, touching six-week highs as U.S. equities opened higher on signs of easing geopolitical tensions surrounding Iran. The move came alongside firmer price action
CryptoBreaking1h ago
Bitcoin Eyes Key Support Reclaim as Weekly Close Tops $70K
Bitcoin edged toward a pivotal weekly finish, with traders watching a potential close above the $70,000 mark that would also reclaim a critical long-term indicator. The setup sits at a crossroads as macro risk remains in play and buyers test a sequence of technical levels that have defined the
CryptoBreaking1h ago
