President Trump Signs Executive Order to Establish Bitcoin Reserve, Crypto Stockpile

The Strategic Bitcoin Reserve became truth on Thursday, as President Donald Trump signed an Executive Order authorizing the development of the online resource hoard. &nbsp,

White House AI and Crypto Czar David Sacks announced the news on X, claiming the program would no” cost taxpayers a dime”.

” The Reserve may remain capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture trials”, Sacks wrote.

In a bid to curry favour with the Bitcoin honest, Trump initially promised to create a Cryptocurrency hoard held by the U. S. Government up in July 2024.

The price of the world’s largest crypto has fallen 5.1 % in the past hour to$ 85, 868, defying, at least in the short-term, industry expectations that had been building in recent months.

The U. S. does not offer the Cryptocurrency it holds in the stockpile, Sacks said, adding the supply would behave like a “digital Fort Knox”, and likening the blockchain to “digital gold”.

” The Secretary of Treasury and Commerce are authorized to create budget-neutral methods for acquiring more cryptocurrency, provided that those methods have no incremental expenses on American citizens”, he said.

The administrative order, as seen by directs governmental agencies to provide a full accounting of all government-held online resources within 30 days, with the Treasury Department tasked with evaluating the constitutional and investment framework for managing the supply over the next 60 days.

While the order does not outline a specific acquisition strategy beyond forfeitures, it signals a potential shift in U. S. monetary policy toward recognizing Bitcoin as a sovereign reserve asset.

The move could put pressure on other nations to formalize their own Bitcoin strategies, as global adoption and competition for scarce BTC intensify.

Sacks added that the executive order also establishes a separate Digital Asset Stockpile, consisting of digital assets other than Bitcoin forfeited in criminal or civil proceedings.

” The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings”, Sacks added.

” PROMISES MADE, PROMISES KEPT”, Sacks tweeted.

Sacks also pointed to the U. S.’s estimated 200, 000 BTC holdings, obtained through criminal seizures, bringing the initial estimated reserve value to$ 17.7 billion.

” Now the federal government will have a strategy to maximize the value of its holdings”, Sacks wrote.