President Donald Trump has finally signed an Executive Order (E.O.) to create a Strategic Bitcoin Reserve. David Sacks, Director of AI and Cryptocurrency at the White House, shared the news on X, confirming the executive action.
Trump’s Strategic Bitcoin Reserve for US
The reserve will be funded using Bitcoin seized through criminal or civil asset forfeitures, meaning no taxpayer funds will be involved. It’s estimated that the US government currently holds around 200,000 Bitcoin, although a comprehensive audit of these holdings has yet to take place.
Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it…
— David Sacks (@davidsacks47) March 7, 2025
The Executive Order has commanded a full accounting of all digital assets held by the federal government. However, the Bitcoin in the new reserve will not be sold. It will be retained as a store of value, drawing comparisons to the nation’s gold reserves at Fort Knox. This “digital gold” strategy is in the direction to protect and grow the value of the government’s Bitcoin holdings.
David Sacks revealed that the government’s past premature sales of Bitcoin have led to significant losses, with over $17 billion in potential value lost. With this new strategy in place, the federal government aims to maximize the worth of its cryptocurrency holdings.
The E.O. also gives the Secretaries of Treasury and Commerce the authority to explore budget-neutral methods for acquiring more Bitcoin, without any additional cost to American taxpayers.
Additionally, the Executive Order establishes the US Digital Asset Stockpile, which will consist of digital assets (excluding Bitcoin) that have been forfeited through legal proceedings. Notably, the Stockpile will be managed under the Treasury Department’s oversight, and no assets will be acquired beyond those seized through forfeiture actions.
This action fulfills a promise made by President Trump to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, reinforcing his commitment to establishing the US as the “crypto capital of the world.”
In his post, David Sacks expressed gratitude for the leadership and vision shown by President Trump, emphasizing the administration’s swift actions in supporting the digital asset industry. He also thanked Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Bo Hines, the Executive Director of the President’s Working Group on Digital Asset Markets, for their crucial roles in advancing this initiative.
The move comes even as other countries, such as Australia and Russia, have abandoned plans to introduce a crypto reserve in the near future.
Also Read: New York Senators Propose Bitcoin Reserve Creation Bill
Source: https://www.cryptonewsz.com/prez-trump-executive-order-bitcoin-reserve/