US Government Considers Creating a Sovereign Wealth Fund That Could Hold Bitcoin

YEREVAN (CoinChapter.com) — On Feb. 3, President Donald Trump signed an executive order to begin the process of creating a US sovereign wealth fund.

United States President Donald Trump signed an executive order on Feb. 3 to begin the process of creating a US sovereign wealth fund. The fund will manage and distribute national assets for American citizens.

Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will oversee the initiative.

“We're going to create a lot of wealth for the fund,” Trump said at the White House event, adding, “And I think it's about time that this country had a sovereign wealth fund.”

Bessent said the fund will include liquid assets and national resources. It is expected to be set up within the next 12 months, NBC reported.

The sovereign wealth fund could be used for strategic investments, such as a possible TikTok takeover, Commerce Secretary Howard Lutnick suggested. It could also enable the US government to acquire stakes in major companies.

“The extraordinary size and scale of the U.S. government and the business it does with companies … should create value for American citizens,” Lutnick said.

Other countries, including Norway, China, Saudi Arabia, Australia, Iran and Russia, manage sovereign wealth funds worth billions.

Wyoming Senator Cynthia Lummis has hinted that the fund could hold Bitcoin. However, if Bitcoin is included, it may come from existing government reserves rather than new purchases.

US Government Holds Over 207,000 BTCThe U.S. government already controls a substantial Bitcoin reserve from past seizures and forfeitures. A FBI-controlled address linked to Silk Road seizures still holds 69,370 BTC, now valued at around $6.8 billion, according to Blockchain.com.

In total, US Bitcoin holdings exceed 207,000 BTC, worth more than $20 billion, based on BiTBO’s calculations.

If the sovereign wealth fund includes Bitcoin, it could be sourced from these existing reserves, rather than direct market purchases.

Bitcoin Price Hits $102,000 Before Dropping to $98,000After the announcement, Bitcoin briefly surged to $102,000 before dropping to $98,000. The price movement came as Trump-era tariffs were suspended, impacting market sentiment.

Other cryptocurrencies, especially those linked to AI and real-world asset tokenization, also saw gains. However, Ethereum remained below $3,000, despite being endorsed by Eric Trump.

The sovereign wealth fund is still in the early planning stages. It remains to be seen whether Bitcoin will be a part of it.