Donald Trump, President of the United States, officially established a Strategic Bitcoin Reserve, which will be created using BTC confiscated by government agencies in criminal and civil cases.
A presidential executive order launched the Strategic Bitcoin Reserve in the U.S., formed from assets already owned by the federal government. This was announced by David Sacks, White House AI and Crypto Czar.
A key highlight of the initiative is that the formation of the Bitcoin reserve won’t require extra budget allocations. David Sacks noted that the U.S. government currently holds approximately 200,000 BTC, though exact figures remain unknown due to the lack of an official audit. The executive order also mandates a comprehensive accounting of all digital assets under federal government control.
David Sacks also revealed that over the past decade, the U.S. government sold around 195,000 BTC, generating $366 million in revenue. He expressed regret over these sales, as their current market value would be approximately $17 billion.
The White House fact sheet states that BTC from the strategic reserve won’t be sold but rather used as a long-term store of value, similar to the nation’s gold reserves. The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional BTC, ensuring no extra costs for American taxpayers.
The same executive order also establishes the U.S. Digital Asset Stockpile, consisting of non-BTC digital assets owned by the Treasury Department. This fund will also be formed exclusively from assets confiscated in criminal or civil cases. The Treasury Secretary is authorized to determine responsible asset management strategies, including potential sales.
Experts previously expressed differing views on the prospects of creating a Strategic Bitcoin Reserve in the U.S. Max Krupyshev, CEO of CoinsPaid, told CP Media that such a federal-level initiative would eventually be implemented but not in 2025, as he believed regulatory clarity on crypto-assets was a more pressing issue.
The White House press release emphasizes that Donald Trump is delivering on his campaign promises, including the creation of a Strategic Bitcoin Reserve and transforming the United States into the “crypto capital of the planet.”
