Trump signs an executive order to create a U.S. Bitcoin reserve, storing seized crypto as a long-term asset.
On March 6th, 2025, President Donald Trump signed an executive order to create a strategic reserve for Bitcoin BTC $67 365 24h volatility: 0.7% Market cap: $1.35 T Vol. 24h: $33.56 B , positioning the US as one of the few nations to establish a national stockpile of blockchain assets.
The reserve will store cryptocurrency seized by the federal government through criminal or civil proceedings, according to White House AI and crypto adviser David Sacks in a post on X.
Sacks confirmed that the US will not sell the Bitcoin in the reserve but will retain it as a long-term asset.
This move marks a significant shift for Trump, who just four years ago referred to Bitcoin as a “scam.” Now, he aims to transform the US into “the Crypto Capital of the World.”
More details will be shared when the president hosts the first crypto summit at the White House on March 7th.
A “Digital Fort Knox” for Cryptocurrency
It’s still unclear whether the reserve will run into legal issues or if it needs approval from Congress.
Sacks described the reserve as “a digital Fort Knox for cryptocurrency,” comparing it to the Kentucky base where the U.S. stores its gold.
Trump’s order also sets up a reserve for five other seized cryptocurrencies. It requires a full review of the government’s crypto holdings, which Sacks says includes around 200,000 Bitcoin, valued at about $17.5 billion today.
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
It’s still not clear how this will benefit Americans, but Sacks stated it “won’t cost taxpayers a dime.
His comment that the US government wouldn’t be buying Bitcoin caused the price of the cryptocurrency to drop by over 5%.
Countries often keep strategic reserves to diversify their assets and reduce financial risks. For example, the US has a petroleum reserve, while Canada keeps a maple syrup reserve.
Earlier this week, Trump named five cryptocurrencies he wanted to include in the reserve. This caused the market prices of Bitcoin, Ethereum ETH $1 956 24h volatility: 0.6% Market cap: $235.99 B Vol. 24h: $16.65 B , XRP XRP $1.42 24h volatility: 0.6% Market cap: $86.44 B Vol. 24h: $2.32 B , Solana SOL $83.04 24h volatility: 1.7% Market cap: $47.20 B Vol. 24h: $3.25 B , and Cardano ADA $0.27 24h volatility: 0.4% Market cap: $10.08 B Vol. 24h: $342.78 M to rise quickly.
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