US Strategic Bitcoin Reserve Gets Authority to Acquire More BTC
The U.S. Strategic Bitcoin Reserve has been making headlines since March 6, 2025, when an executive order was signed allowing for the development of budget-neutral strategies to acquire more Bitcoin.
The order, which does not specify a purchase amount or schedule, grants authority to the Secretaries of the Treasury and Commerce to create acquisition strategies that do not impose incremental costs on U.S. taxpayers.
According to TheStreet's reporting, ARK Invest's multi-scenario Bitcoin framework predicts a bull case of $1.5 million by 2030, based on institutional adoption, Bitcoin's fixed supply, and its emergence as a legitimate digital store of value.