President Trump signs executive order officially creating a Bitcoin Strategic Reserve
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.
— David Sacks (@davidsacks47) March 7, 2025
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…
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 BTC, ETH, XRP, Solana’s SOL token, and Cardano’s ADA coin would be part of a strategic crypto reserve.
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