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Crypto Strategic Reserves may look larger in the rear-view mirror than they are

Financial Times LogoFinancial Times3d ago

Crypto Strategic Reserves may look larger in the rear-view mirror than they are - Financial Times

Quick Summary:

When only a sliver of 19.7mn bitcoins in existence are in active circulation, the formal removal of an overhang can probably be seen as a positive for the bitcoin price.

The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers.

Riot Platforms says it makes “strategic purchases” to add to its bitcoin stockpile, which stood at 18,692 bitcoins at the end of February.

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Article Details

Author / Journalist: Bryce Elder

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 12:16:11 (3 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 983 words

Reading Time: 6 minutes read

Sentences: 47 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 26806677

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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