Donald Trump Establishes Strategic Bitcoin Reserve


President Donald Trump has signed an executive order to create a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” This move aims to secure the government’s cryptocurrency holdings and manage digital assets more effectively.

Bitcoin Reserve to Hold Seized Crypto

The Strategic Bitcoin Reserve will be funded with Bitcoin seized in government criminal cases. According to White House AI and crypto advisor David Sacks, the U.S. will not sell this Bitcoin. Instead, it will be stored as a long-term asset, similar to gold reserves at Fort Knox. Other federal agencies will review their authority to contribute additional Bitcoin to the reserve.

The Treasury and Commerce departments will explore ways to buy more Bitcoin without adding costs to taxpayers. This arrangement ensures that the reserve grows without extra government spending.

Digital Asset Stockpile for Other Cryptos

Alongside the Bitcoin reserve, the executive order also establishes a “U.S. Digital Asset Stockpile.” This stockpile will include cryptocurrencies apart from Bitcoin, obtained through legal forfeiture. However, the government will not purchase additional crypto for this stockpile beyond what has been seized.

Trump previously hinted that XRP, Solana (SOL), and Cardano (ADA) might be included in the stockpile. However, data from Arkham Intelligence shows that the government does not currently hold these assets. Instead, its largest crypto holdings include 198,109 Bitcoin (worth around $17.87 billion), along with smaller amounts of Ethereum and Tether.

A Full Audit of Government Crypto Holdings

The executive order also calls for a full review of all digital assets held by the government. Agencies must report their crypto holdings to the Treasury Secretary and a special crypto working group established earlier this year. This procedure ensures transparency and better management of digital assets in the future.

Trump’s decision to create a Bitcoin reserve highlights the growing role of cryptocurrency in national financial strategies. By securing these assets, the government is taking steps toward integrating digital currencies into its financial planning.

Read more: Sui announces Strategic Collaboration with World Liberty Financial





Source link

Leave a Reply