US President Donald Trump has signed an executive order

US President Donald Trump has signed an executive order creating a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.”

US President Donald Trump has signed an executive order instituting a ‘Strategic Bitcoin Reserve’ and a ‘U.S. Digital Asset Stockpile.’

The announcement was made by White House AI and crypto czar, David Sacks, on March 7, who described The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”

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 will have no cost to taxpayers.

According to the official fact sheet from the White House, the Strategic Bitcoin Reserve will be stocked with Bitcoin forfeited in criminal or civil asset forfeiture cases. Importantly, this Bitcoin will not be sold but held as a store of value.

The Treasury Department will supply the Bitcoin to seed the reserve, and other federal agencies will evaluate their legal authority to contribute. Plans are also in place to buy more Bitcoin without additional costs to taxpayers.

Additionally, a “U.S. Digital Asset Stockpile” will hold cryptocurrencies beyond Bitcoin, though it will only include assets obtained through forfeiture, not new purchases.

While Trump initially mentioned assets like XRP, Solana, and Cardano, the U.S. government’s current holdings are primarily Bitcoin, followed by Ethereum and Tether.

The executive order requires a full audit of all digital assets that belong to the government. Agencies need to submit their crypto asset details to the Treasury Secretary for complete transparency about U.S. government digital asset ownership.

The move by Trump represents a major advancement in establishing cryptocurrency as part of national governance and strategic planning.

Also Read: Texas Senate Approves Bitcoin Reserve Bill SB-21