PANews January 9 report: According to The Block, ARK Invest founder Cathie Wood stated that the U.S. federal government may soon begin actually purchasing Bitcoin to advance the goal of establishing a “national strategic Bitcoin reserve.” This reserve plan was established through executive order in the early stages of Trump’s second term, with an initial target of holding 1 million BTC, primarily accumulated through asset seizures to date. Wood believes that as Trump seeks to maintain political influence and the crypto industry’s impact on election outcomes, his administration may initiate purchasing actions.
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