President Trump Signs Executive Order for Strategic Bitcoin Reserve

President Trump has signed an executive order to create a Strategic Bitcoin Reserve, as announced by White House AI and Crypto Czar David Sacks on March 7.

The reserve will be funded with Bitcoin (BTC) seized by the federal government through asset forfeiture, ensuring that taxpayers will not incur any costs. Sacks estimates the U.S. government holds around 200,000 BTC, although a full audit has never been conducted. The executive order requires a complete accounting of federal digital asset holdings and prohibits the sale of Bitcoin in the reserve, which is likened to a “digital Fort Knox.”

> 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

With this action, Trump continues his commitment to making the United States the “crypto capital of the world,” aiming to enhance the nation’s position within the crypto industry. The order also establishes a U.S. Digital Asset Stockpile that will include other non-Bitcoin digital assets seized through forfeiture, but the government will not seek additional cryptocurrencies beyond these means.

Additionally, Trump’s administration is directing the Treasury and Commerce Departments to investigate budget-neutral strategies for acquiring more Bitcoin without burdening taxpayers. Sacks noted that previous government Bitcoin sales resulted in over $17 billion in lost value for taxpayers.

As of press time, Bitcoin has decreased by 3% in the past 24 hours, trading at $86,600, with the market yet to react to the news. However, this regulation may limit government sell-offs of Bitcoin, which could serve as a long-term positive indicator, potentially tightening supply and solidifying Bitcoin’s status as a strategic asset similar to gold.

In parallel policy announcements, Trump signed executive actions postponing tariffs on Mexican and Canadian imports for nearly a month. Following discussions with Canadian officials and Mexican President Claudia Sheinbaum, Trump confirmed that goods under the USMCA trade agreement will remain tariff-free, while goods not covered, such as avocados and Canadian energy, may still face duties.