Historic Moment: The U.S. 'Strategic Bitcoin Reserve' Office Officially Commences Operations
Today (March 21), a recent progress report from the White House has fundamentally changed the asset properties of Bitcoin.
According to the presidential order signed last month, the U.S. Treasury has officially completed the initial setup of the 'Strategic Bitcoin Reserve' management office today.
This office will be responsible for safeguarding over 200,000 BTC acquired by the U.S. government through judicial confiscation and explicitly states that these assets are strictly prohibited from being sold, serving as national strategic reserve assets.
This 'national-level lock-up' significantly weakens the market's potential selling pressure expectations. Currently, BTC is priced around $70,163 and is undergoing a Saturday consolidation near the $70,000 mark.
