U.S. President Donald Trump signed an executive order on Thursday to create a strategic Bitcoin reserve.
White House Crypto and AI Czar David Sacks, a Silicon Valley venture capitalist, wrote in a post on X that the reserve will be funded exclusively with Bitcoin seized in criminal and civil forfeiture cases, ensuring that taxpayers bear no financial burden.
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
Estimates suggest the U.S. government holds around 200,000 Bitcoin, though no full audit has been conducted. Trump’s order calls for a comprehensive review of federal digital asset holdings and bans the sale of Bitcoin from the reserve, establishing it as a long-term store of value.
The order also creates a U.S. Digital Asset Stockpile, overseen by the Treasury Department, to store other seized cryptocurrencies.
Several crypto investors who have supported Trump raised concerns over the weekend after the president said in a post on Truth Social that in addition to bitcoin, ether, XRP, Solana’s SOL token, and Cardano’s ADA coin would be part of a strategic crypto reserve.
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Source: https://www.cryptopolitan.com/president-trump-signs-executive-order/