07.03.2025 11:10
U.S. President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve and Digital Asset Stock that will be funded by Bitcoin and other cryptocurrencies seized by the federal government. White House crypto czar David Sacks stated that the reserve will serve as a digital Fort Knox for cryptocurrency and will not be sold.
US President Donald Trump has taken a historic step that will resonate in the cryptocurrency world. President Trump signed an executive order that envisions the creation of a Strategic Bitcoin Reserve and Digital Asset Stock, which will be fed by Bitcoin and other cryptocurrencies seized by the federal government through criminal proceedings. This move aims to strengthen the United States' position in the cryptocurrency ecosystem and to systematize the management of digital assets.
Donald Trump Strengthens Digital Asset Management with Bitcoin Reserve
US President Donald Trump has taken a historic step emphasizing the importance of cryptocurrencies for the country's economy. Trump signed an executive order that envisions the creation of both a "Strategic Bitcoin Reserve" and a "Digital Asset Stock." This move opens the door to a new era regarding the use of cryptocurrencies seized by the federal government in criminal cases.
David Sacks, who serves as the White House's artificial intelligence and cryptocurrency czar, announced the development via a statement on the social media platform X, saying, "Just a few minutes ago, President Trump signed an Executive Order to create a Strategic Bitcoin Reserve." Sacks noted that the reserve would be financed by Bitcoin owned by the federal government and seized as part of criminal or civil asset forfeiture proceedings.
The White House's information note dated March 6 stated that the executive order would also establish a "US Digital Asset Stock" consisting of cryptocurrencies other than Bitcoin. Bloomberg had previously reported that Trump was expected to sign such an executive order during the White House Crypto Summit on March 7, and that the government could start with state-owned cryptocurrency.
Sacks described the upcoming Bitcoin reserve as "a digital Fort Knox for cryptocurrency," emphasizing that the US would not sell any Bitcoin placed in the reserve. He stated, "It will be kept as a store of value."
Under the executive order, it was noted that the Bitcoin owned by the Treasury Department would feed the reserve, and other federal agencies would evaluate their legal authorities to transfer their Bitcoin to the reserve. It was emphasized that the Treasury and Commerce Secretaries would develop "budget-independent strategies" to purchase more Bitcoin for the reserve, and that these strategies would not impose additional costs on American taxpayers.
The purpose of the digital asset stock was stated as "the responsible management of the government's digital assets under the Treasury Department." Sacks expressed that the government would not purchase additional cryptocurrencies for the stock outside of asset forfeiture proceedings and that the Treasury Secretary could establish "strategies for responsible management, including potential sales" from the stock.
A few days ago, Trump shared on the Truth Social platform that the crypto reserve would include XRP, Solana, and Cardano. He later clarified that Ether and Bitcoin would be the "heart" of the reserve. However, according to Arkham Intelligence data, there are no XRP, SOL, or ADA among the $18.28 billion worth of cryptocurrencies under the control of the US government. The government's largest crypto asset is 198,109 Bitcoin, valued at $17.87 billion. ETH assets are valued at $119 million, and the stablecoin Tether, valued at $122 million, is the third largest asset.