David Sacks, the artificial intelligence and cryptocurrency director appointed by Trump, stated on his personal "X" page that Trump has signed an executive order to establish a strategic Bitcoin reserve, as well as a US Digital Asset Stockpile to reserve cryptocurrencies other than Bitcoin.
However, the White House did not make any statement through an official press release, but US President Trump recently announced that five major cryptocurrencies, including Ripple (XRP), Solana (SOL), Cardano (ADA), Bitcoin (BTC) and Ethereum (ETH), would be included in the US strategic cryptocurrency reserve. This move seems to echo the Bitcoin Reserve Act previously proposed by US Senator Charles Schwertner.
Prior to this, Charles Schwertner proposed that Texas, under the management of the Texas Comptroller, become the first state in the United States to create a Bitcoin reserve, allowing it to hold Bitcoin and other cryptocurrencies, and reserve cryptocurrencies with a total market value of at least US$5000 billion to respond to various emergencies, economic crises, or national security needs, covering energy, metals, agricultural products, finance and defense affairs.
David Sacks's explanation this time pointed out that the bitcoins in this reserve system mainly come from criminal or civil asset forfeiture procedures, as well as bitcoins obtained through strategies formulated by the Secretaries of the Treasury and Commerce that do not affect the budget, emphasizing that it will not impose additional financial burden on taxpayers.
According to informal statistics, the US government currently holds about 20 bitcoins, and the bitcoins placed in the reserve system in the future will not be sold, but will be used as a reserve to maintain value, and their value will be maximized through policy formulation.
In addition, the digital asset reserve is suitable for reserving digital assets other than Bitcoin, and the source will come entirely from items acquired through confiscation procedures and will not be expanded through additional acquisitions.
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…
— David Sacks (@davidsacks47) March 7, 2025
