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President Trump has just signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.
The Bitcoin stored in the the reserve will never be sold. Instead, it’s going to be held as a store of value, sort of like a “digital Fort Knox.”
Right now, the U.S. government owns around 200K Bitcoin, which equates to roughly $17.1 billion, at the time of writing this article.
Check it out:
JUST NOW!
President Trump signs an Executive Order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile pic.twitter.com/N9p2sQknVS
— Margo Martin (@MargoMartin47) March 7, 2025
BREAKING: President Trump has officially signed an executive order to establish a Strategic Bitcoin Reserve in the US. pic.twitter.com/VdvrbuSzq7 — Cointelegraph (@Cointelegraph) March 7, 2025
Neither the Bitcoin Strategic Reserve or U.S. Digital Stockpile will cost taxpayers so much as a cent.
Instead, it will rely on cryptocurrency seized from criminals.
White House Crypto Czar David Sacks explained in detail:
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
Here is the full text from the post:
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 will not cost taxpayers a dime.
It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.
The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.
The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.
IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.
The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.
The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.
PROMISES MADE, PROMISES KEPT
President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept.
This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.”
I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.”
I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.
More from Crypto Briefing:
President Donald Trump has signed an Executive Order establishing a Strategic Bitcoin Reserve, using the Bitcoin stash obtained through federal criminal and civil asset forfeiture proceedings, David Sacks, Trump’s AI and crypto czar wrote on X on Thursday.The EO comes ahead of the White House Crypto Summit, the first of its kind, which is set to take place in less than 48 hours. According to an early report from Bloomberg, the President was considering a policy change to create a national digital asset stockpile by retaining Bitcoin and other crypto assets seized in criminal cases.
The reserve will hold an estimated 200,000 Bitcoin currently owned by the federal government, though a complete audit has never been conducted. The executive order mandates a full accounting of the government’s digital asset holdings.
The EO also authorizes the Secretaries of Treasury and Commerce to develop budget-neutral strategies to acquire additional Bitcoin—ensuring that such acquisitions do not impose extra costs on American taxpayers.
This is a Guest Post from our friends over at WLTReport.