US to announce next steps on Strategic Bitcoin Reserve in weeks after legal breakthrough

The White House plans to announce new developments on the Strategic Bitcoin Reserve within weeks following a legal framework breakthrough, said Patrick Witt, a White House crypto adviser. The reserve, holding about 328,372 BTC mainly from seizures, represents the largest sovereign bitcoin holding globally. The announcement could clarify future strategies, including custody improvements or possible bitcoin acquisitions, amid recent security concerns. Permanent legislation is still needed, with related bills under consideration in Congress.