It’s official—President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve. This is a huge moment of progress for U.S. crypto policy. According to White House AI and Crypto Czar David Sacks, the reserve will be funded using Bitcoin seized in government criminal cases. “The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” Sacks stated in a March 7 X post.
Bitcoin Becomes the Digital Fort Knox
The move cements Bitcoin’s role as a store of value, with Sacks calling it “a digital Fort Knox.” Unlike other government-held assets that could be liquidated, the Bitcoin placed in the reserve will not be sold, ensuring it remains a long-term strategic asset. The White House added that the Treasury and Commerce departments will develop “budget-neutral strategies” to buy additional Bitcoin without burdening taxpayers.
Additionally, for the first time, the government will conduct a full audit of its crypto holdings. Sacks confirmed that agencies must provide a detailed report of their digital asset holdings to the Treasury Secretary and Trump’s crypto task force.
What about Altcoins?
Alongside the Bitcoin reserve, Trump’s order also creates a U.S. Digital Asset Stockpile, which will hold cryptocurrencies other than Bitcoin—also sourced from government forfeitures. Unlike the Bitcoin reserve, the stockpile’s assets could be sold off if the Treasury Secretary deems it necessary.
Trump previously hinted that XRP (XRP-USD), SOL (SOL-USD), and ADA (ADA-USD) would be part of the reserve. However, Arkham Intelligence data shows the U.S. government does not currently hold these assets. So now, naturally, people are raising questions about how they would be acquired. Meanwhile, the U.S. already controls 198,109 Bitcoin, worth roughly $17.87 billion, alongside $119 million in Ethereum.
White House Crypto Summit Takes Place Today
Today is the day of the White House Crypto Summit. Whether this event leads to concrete policy changes or just fuels further speculation remains to be seen. One thing is certain—crypto markets will react to whatever unfolds. Investors looking to stay informed should monitor crypto price movements in the TipRanks Cryptocurrency Center. Click the image below for more details.
