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.

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.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More