financetom
Business
financetom
/
Business
/
Trump signs order to establish strategic bitcoin reserve, White House crypto czar says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump signs order to establish strategic bitcoin reserve, White House crypto czar says
Mar 6, 2025 4:48 PM

WASHINGTON (Reuters) - U.S. President Donald Trump signed an executive order on Thursday to establish a strategic bitcoin reserve, White House crypto czar David Sacks said in a post on X.

The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, Sacks said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Planet Labs (PL) Stock Surges On Major Defense Contracts
Planet Labs (PL) Stock Surges On Major Defense Contracts
Jul 1, 2025
Shares of Planet Labs PBC ( PL ) are soaring Tuesday morning after the satellite imaging company announced a series of major recent contract wins with global defense and intelligence agencies. What To Know: The agreements include a €240 million contract funded by Germany, which incorporates a multi-year, eight-figure annual renewal for data and AI services. In the U.S., the...
AMC Entertainment Secures New Funding to Refinance Debt; Stock Slides
AMC Entertainment Secures New Funding to Refinance Debt; Stock Slides
Jul 1, 2025
11:25 AM EDT, 07/01/2025 (MT Newswires) -- AMC Entertainment ( AMC ) said Tuesday that it secured more than $200 million in new funding as the movie theater company looks to refinance debt maturing next year. The company entered into a transaction support agreement with certain noteholders and lenders. As part of that agreement, holders of 7.5% senior notes due...
Update: Apollo Global Management Completes Acquisition of IGT's Gaming Business, Everi
Update: Apollo Global Management Completes Acquisition of IGT's Gaming Business, Everi
Jul 1, 2025
11:27 AM EDT, 07/01/2025 (MT Newswires) -- (Updates with additional details from International Game Technology ( IGT ) from the fifth paragraph.) Apollo Global Management ( APO ) said Tuesday it completed its $6.30 billion acquisition of International Game Technology's ( IGT ) gaming and digital business, and Everi ( EVRI ) . The combined business will operate under the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved