President Trump Establishes U.S. Strategic Reserve for Bitcoin
On March 6, 2025, President Donald Trump signed an executive order to establish a strategic reserve for Bitcoin, making the US one of the few countries to create a national stockpile of blockchain assets. The reserve will hold cryptocurrency seized by the federal government through criminal or civil proceedings.
Key points include:
- The US will not sell the Bitcoin in the reserve, intending to keep it as a long-term asset.
- This initiative reflects a shift in Trump's stance on Bitcoin, which he previously labeled a "scam."
- The reserve is referred to as “a digital Fort Knox for cryptocurrency,” paralleling the US gold storage site.
- The order also includes reserves for five other cryptocurrencies and mandates a review of about 200,000 Bitcoin worth approximately $17.5 billion.
Details on how this reserve will benefit Americans remain unclear, but it is noted that it "won’t cost taxpayers a dime." Following Sacks' statement that the government wouldn't be purchasing Bitcoin, its price fell over 5%.
Earlier this week, Trump identified five cryptocurrencies for the reserve, leading to a surge in their market prices.