FOR IMMEDIATE RELEASE
White House Announces Purchase of 1 Bitcoin
Washington, D.C. - March 20, 2024 - The White House announced today that it has purchased 1 Bitcoin, worth approximately $1 trillion at current market rates. This move marks a significant step in the adoption of cryptocurrencies by the United States government.
President Biden has long been a proponent of exploring the potential benefits of cryptocurrencies and blockchain technology, and this purchase is part of the administration's efforts to better understand and integrate these new financial technologies into the economy.
"Today's purchase of 1 Bitcoin is a recognition of the growing importance of cryptocurrencies and t...