Trump signs an executive order creating a strategic bitcoin reserve in the US

What’s new? On March 7, US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve, which will initially be formed from coins owned by the federal government confiscated in criminal and civil proceedings. Similarly, the Digital Asset Stockpile, which will include the largest altcoins, will be formed separately.

Source: X.com

What else is known? Trump’s cryptocurrency advisor David Sacks emphasized that bitcoins in the national reserve are not intended for sale, they will serve as a means of saving. The source of the reserve will primarily be coins under the control of the Treasury Department, while other federal agencies “will evaluate their legal authority” to transfer any bitcoins they hold into the reserve.

Sacks also said the Treasury and Commerce secretaries will develop “budget-neutral strategies” for buying more bitcoins for the reserve, “provided that those strategies impose no incremental costs on American taxpayers.”

As for the digital asset reserve, it will also be formed from confiscated coins under the guidance of the Treasury Department. Unlike the bitcoin reserve, there will be no purchases of additional coins for it — rather, the Treasury Secretary “may determine strategies for responsible stewardship, including potential sales.”

On March 3, Trump said on his Truth Social network that the crypto reserve would include XRP, Solana (SOL), and Cardano (ADA), with bitcoin and Ethereum as the “heart” of the reserve.

According to blockchain analytics platform Arkham Intelligence, the US government does not hold XRP, SOL, or ADA among the $18,28 billion worth of cryptocurrencies under its control.

Bitcoin holds the largest share of the government’s assets, with 198 109 coins worth $17,87 billion. It is followed by the USDT stablecoin at $122 million and ETH at $119 million.

However, Sacks noted that a full audit of the government’s cryptocurrency assets has never been done before, and Trump’s latest executive order “directs a full accounting of the federal government’s digital asset holdings.”

The White House said agencies must provide a full accounting of their crypto assets to the Treasury Secretary and the President’s Working Group on Cryptocurrencies, which was created in January by executive order to study the feasibility of a cryptocurrency reserve.