Trump Signs Executive Order to Establish US Bitcoin Reserve

US President Donald Trump has signed an executive order to create a strategic Bitcoin reserve, recognizing the cryptocurrency’s value as a financial asset, CE Report quotes Anadolu Agency

The order directs the Treasury Department to establish an office to manage the reserve, which will be funded with Bitcoin (BTC) seized through criminal and civil asset forfeiture. Additionally, a US Digital Asset Stockpile will be created to store other confiscated cryptocurrencies.

David Sacks, the White House AI and cryptocurrency czar, revealed on X that the US government holds approximately 200,000 BTC. He emphasized that the Bitcoin in the reserve will not be sold but retained as a store of value, comparing it to a "digital Fort Knox."

This move positions the US as one of the first nations to create a strategic Bitcoin reserve, leveraging BTC’s fixed supply as a potential financial advantage.