# America Might Possess Up to 88,000 BTC as a Tactical Stockpile
As per Alex Thorn, research director at Galaxy Research, the American administration might have as many as 88,000 Bitcoins (BTC) for its newly declared strategic Bitcoin stockpile.
In a March 7 entry on the X platform, Thorn mentioned that although the government presently possesses roughly 198,000 Bitcoins, 112,000 of them must be given back to Bitfinex because they were previously seized. This implies that only a segment of the holdings, up to 88,000 Bitcoins, can be utilized for the stockpile.
David Sacks, the White House’s head of artificial intelligence and crypto matters, stated that the initial Bitcoin for the stockpile should originate from confiscated digital holdings to ensure that it does not come at an additional expense to citizens. However, Thorn’s assessment indicates that only seized Bitcoins, and not all seized holdings, can be reallocated for the stockpile, which significantly diminishes the potential scale of the stockpile.
Thorn additionally emphasized that Bitcoin constitutes 97.7% of the government’s digital holdings, and this proportion increases to 98% if Wrapped Bitcoin (WBTC) is incorporated.
The choice by the Trump administration to establish a tactical stockpile has been widely commended within the cryptocurrency sector. Brian Armstrong, CEO of Coinbase, characterized it as a “landmark moment” for Bitcoin and cryptocurrencies, and anticipated that other G20 nations would take notice and might emulate the US’s initiative.
Ryan Rasmussen, research director at Galaxy Digital, outlined the broader importance of the strategic Bitcoin stockpile, contending that the action alleviates worries regarding the American government selling substantial quantities of Bitcoin and bolsters the argument for institutional acceptance of Bitcoin. Toncoin (TON) Value Forecast for March 26th
He stated that this regulatory shift will encourage more nations, wealth management entities, financial institutions, and even state administrations to acquire Bitcoin.
Rasmussen believes that this decision also diminishes the likelihood of the US implementing stringent regulations on Bitcoin. Because the government actively holds Bitcoin, prohibiting or regulating Bitcoin would be ineffectual.
Market analysts think this planned change has drastically altered the story concerning Bitcoin. Even with current market instability, Bitcoin stays strong, presently valued at roughly $87,800. The forthcoming White House digital currency meeting scheduled for March 7th should affect market feeling. At this meeting, lawmakers and corporate executives will probably talk about Bitcoin’s place in the monetary system. This meeting might be transformative, possibly leading to more defined rules and greater acceptance of Bitcoin.
