US gov't nears $5B loss on strategic BTC holdings

The U.S. government's unrealized losses on its strategic Bitcoin holdings are approaching $5 billion amid the cryptocurrency market downturn, Walter Bloomberg reported. A 45% drop in Bitcoin's price from its peak has reduced the value of the U.S. holdings from approximately $18.5 billion to $13.8 billion. Despite the decline, the Trump administration is maintaining its strategy, stating that it believes long-term gains will offset short-term volatility. However, the report added that some critics argue these losses demonstrate the risks of investing taxpayer funds in high-risk assets.