U.S. President Donald Trump has signed an Executive Order to establish a Strategic Bitcoin Reserve, capitalized with Bitcoin already owned by the U.S. government through criminal and civil asset forfeitures.
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Key details
- The reserve will store Bitcoin forfeited in legal proceedings and will not involve taxpayer funding.
- The U.S. government is estimated to hold around 200,000 BTC, but an official audit has been ordered to confirm holdings.
- Bitcoin in the reserve will not be sold, positioning it as a store of value.
- The Treasury and Commerce Departments are authorized to explore budget-neutral strategies for acquiring additional Bitcoin without taxpayer costs.
Creation of a U.S. Digital Asset Stockpile
The order also establishes a U.S. Digital Asset Stockpile for non-Bitcoin digital assets obtained through forfeitures. (Read more: List of “American Cryptocurrencies” That Could Be in the National Crypto Reserve)
- The U.S. government will not actively acquire new assets for this stockpile beyond what is seized.
White House Officials React
David Sacks, Trump’s AI and Crypto Czar, hailed the move as a fulfillment of campaign promises, stating:
“This Executive Order underscores President Trump’s commitment to making the U.S. the ‘crypto capital of the world.’”
Trump’s Presidential Working Group on Digital Asset Markets, including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Executive Director Bo Hines, played key roles in drafting the policy.
Bitcoin quickly jumps from $84,000 to $87,000 after the news was announced.
This is a developing story.
This article is published on BitPinas: Quick Take: Trump Signs Executive Order Establishing U.S. Strategic Bitcoin Reserve
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