Trump Signs Executive Order to Establish US Bitcoin Reserve

Trump Signs Executive Order to Establish US Bitcoin Reserve

Business

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.

Tags

Related articles

Bulgaria Raises 2025 Growth Forecast
Bulgaria's economy is expected to grow by 3% in 2025, with average annual inflation rising to 3.6%, according to the Finance Ministry’s spring macroeconomic forecast.
Unemployment Drops to 9.0% in March 2025
Greece's seasonally adjusted unemployment rate decreased to 9.0% in March 2025, down from 10.8% in the same month last year, according to the Hellenic Statistical Authority (ELSTAT).
Cash Withdrawals in Shops for Rural Moldova
Residents of rural areas in Moldova will soon be able to withdraw cash directly from their bank cards in local shops, eliminating the need to find an ATM.
Bulgaria Secures €4B from Eurobond Sale
On April 28, Bulgaria's Ministry of Finance successfully issued a dual-tranche Eurobond worth €4 billion on international markets.
Poverty Rises in Germany
Germany’s poverty rate has risen sharply, with 13 million people—about one in six residents—now living below the poverty line, according to a report by the German Parity Welfare Association.
Bulgaria Targets French Tourists
Tourism Minister Miroslav Borshosh met with French Ambassador to Bulgaria Joel Meyer to discuss boosting tourism ties between the two countries, the Ministry's press centre reported Monday.