The Department of Justice (DOJ) did not disclose the exact value or type of cryptocurrencies seized but confirmed that the funds were used to collect illicit proceeds from transactions on the BidenCash platform.
The resolution, introduced by Bitcoin advocate Ethan Peck on behalf of the conservative think tank National Center for Public Policy Research (NCPPR), argued that Meta should allocate a portion of its $72 billion in cash and cash equivalents to Bitcoin.
Michael Saylor, long hailed for his Bitcoin evangelism, framed BTC not only as an asset but as incorruptible, programmable digital property engineered to outperform traditional instruments.
The acquisition follows months of speculation and comes after GameStop hinted at a broader GameStop cryptocurrency investment strategy in March, when it announced plans to raise $1.3 billion through a convertible note offering.
The raise consists of $1.5 billion in newly issued common stock and $1 billion in convertible senior secured notes. The transaction is expected to close on May 29, with crypto custody to be handled by Crypto.com and Anchorage Digital.
