Patrick Witt, executive director of the President's Advisory Council on Digital Assets, made it clear in early May: the announcement about the Strategic Bitcoin Reserve is coming 'in the next few weeks.'
Today, while $BTC is trading at $77,877 and the market starts to bounce back, that announcement remains the most significant pending news in the global crypto ecosystem.
What exactly is the Strategic Bitcoin Reserve?
The U.S. government already holds 328,372 Bitcoin, accumulated over time through seizures in criminal cases. They are worth approximately $25 billion and represent 1.6% of all Bitcoin in existence.