CoinWorld News, according to Wu's Blockchain Twitter post: Cathie Wood, founder of ARK Invest, stated that cryptocurrencies were partly responsible for Trump's election victory and emphasized their political significance ahead of the midterm elections. She noted that the current U.S. Bitcoin strategic reserve mainly comes from judicial seizures, with an initial target of holding one million bitcoins, and future direct purchases may be initiated. This reserve is managed by the Treasury Department and regarded as a national strategic asset similar to gold.