President Donald Trump has signed an Executive Order to create a Strategic Bitcoin Reserve. This reserve will use Bitcoin obtained from federal criminal and civil asset forfeitures. David Sacks, who is in charge of AI and crypto for Trump, shared this news on X.
The Executive Order comes just before the first-ever White House Crypto Summit, happening in less than two days. Reports say that Trump wants to keep Bitcoin and other cryptocurrencies seized in criminal cases to build a national digital asset stockpile.
The reserve will hold about 200,000 Bitcoin that the federal government currently owns. However, there has never been a complete audit of these holdings. The Executive Order requires a full accounting of the government’s digital assets.
David Sacks mentioned that the U.S. will not sell any Bitcoin in the reserve. Instead, it will be kept as a store of value. He pointed out that the government previously sold confiscated Bitcoin too early, which cost about $17 billion in potential gains.
The Executive Order also allows the Secretaries of Treasury and Commerce to find ways to acquire more Bitcoin without costing taxpayers extra money. This means they will look for budget-neutral strategies.
In addition to Bitcoin, the Executive Order creates a “US Digital Asset Stockpile.” This stockpile will include other digital assets that have been forfeited. The government will not actively seek to acquire more digital assets beyond those obtained through forfeiture. The Treasury Department will manage this stockpile responsibly.
This announcement shows Trump’s goal to make the U.S. the “crypto capital of the world.” His administration supports digital asset innovation and wants clear regulations
