Key dealers
- President Trump signed an executive order to establish a strategic Bitcoin reserve consisting of Bitcoin obtained through federal confiscation.
- The reserve will have 200,000 Bitcoin as a store with value and will not continue with premature sales to avoid losing the taxpayers’ value.
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President Donald Trump has signed an executive order to set up a strategic Bitcoin reserve, with Bitcoin -Stash obtained through federal criminals and civilian loss procedures, David Sacks, the White House AI and Crypto Czar wrote on Thursday.
Just minutes ago, President Trump signed an executive order to establish a strategic Bitcoin reserve.
The reserve will be used with Bitcoin owned by the federal government, which was forfeited as part of the criminal or civilian procedures. That means that …
– David Sacks (@Davidsacks47) March 7, 2025
The reserve will have an estimated 200,000 bitcoin currently owned by the federal government, even though a full audit has never been implemented. The executive order requires a complete account of the government’s digital asset holdings.
“The United States will not sell any bitcoin deposited in the reserve. It will be held as a store of value, ”said David Sacks. “For early sales of bitcoin has already cost us taxpayers over $ 17 billion in lost value.”
Treasury and Commerce Secretaries have the authority to develop budget -neutral strategies to acquire further Bitcoin, provided they have no extra costs for taxpayers. Digital Asset Stockpile will handle other forfeited digital assets according to the Treasury Department of icy, without plans for further acquisitions in addition to confiscation.
“This executive order emphasizes President Trump’s commitment to make US” Crypto Capital of the World, “Sacks said, recognizing the Finance Ministry Scott Bessent and Commercial Secretary Howard Lutnick for their support through the president’s working group in digital asset markets.
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