1 week ago
ARMA Bill Proposes U.S. Strategic Bitcoin Reserve With 1M BTC Acquisition Framework
TLDR: ARMA would create a Treasury-managed Strategic Bitcoin Reserve with nationwide cold storage facilities. The bill authorizes purchases of 200,000 BTC yearly, targeting 1 million Bitcoin over five years. All reserve Bitcoin would face a mandatory 20-year holding period before any potential release. Quarterly proof-of-reserve reports and independent audits would increase public transparency. The publication [...]
The post ARMA Bill Proposes U.S. Strategic Bitcoin Reserve With 1M BTC Acquisition Framework appeared first on Blockonomi.
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