Breaking news just came from Davos. U.S. Treasury Secretary Scott Bessent announced that the U.S. government will incorporate all held Bitcoin into a "National Strategic Bitcoin Reserve." This is no small move—it signifies that the U.S. government officially regards BTC as a national asset.

How exactly will this be implemented? The Bitcoin currently held by the Department of Justice and the Treasury, as well as BTC obtained through criminal and civil asset seizures, will all be transferred into this strategic reserve. Most importantly, the U.S. government will cease regular auctions of these seized digital assets. Previously, these coins were auctioned off at U.S. Marshals, but now they will be kept permanently.

Bessent emphasized that this is called "stopping the loss of sovereign digital wealth." It sounds quite official, but in plain terms: we will no longer sell off these assets. He also mentioned that the U.S. currently holds over 200,000 BTC, which are viewed as long-term value reserves on the national balance sheet, used to hedge against traditional currency fluctuations—essentially treating BTC as gold.

Interestingly, this expansion plan does not require taxpayer money. All new reserves come from law enforcement seizures, achieving a "neutral" expansion in the budget. The Federal Reserve will be responsible for custody of these assets, and barring extreme national economic emergencies, they will remain untouched.

Market analysis generally sees this as a major signal. For the first time, major developed economies are elevating Bitcoin to a strategic position close to gold at the policy level. This could break the long-standing market expectation of "government dumping pressure." More importantly, the U.S. move might set an example for other economies—if the U.S. does this, how will other countries respond?

Both short-term and medium-term impacts on the market are worth watching.