Rows of heavy steel vault holding bitcoin crypto, high security storage, in an underground treasury facility. Government, company strategic bitcoin reserve. Securing cryptocurrency offline. Concept.

Key Takeaways:

Strategic Bitcoin Reserve: Trump’s executive order establishes a U.S. Bitcoin reserve, funded by seized cryptocurrency and positioned as a “digital Fort Knox.”
Digital Asset Stockpile: A separate government-managed fund will hold non-Bitcoin cryptocurrencies acquired through forfeiture.
Government Crypto Audit: A full review of federal digital asset holdings is mandated, with findings reported to the Treasury and crypto task force.

U.S. President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, funded with cryptocurrency seized through government forfeitures.

White House official David Sacks confirmed the move, calling the reserve a “digital Fort Knox”, meant to store Bitcoin as a long-term asset rather than sell it.

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

The reserve will initially be funded by Bitcoin already held by the federal government, with the Treasury and Commerce secretaries tasked with developing budget-neutral strategies to expand it.

The Digital Asset Stockpile will hold other cryptocurrencies but will not receive additional government purchases.

Instead, it will include forfeited assets, with the Treasury Secretary determining their management, including potential sales.

Trump’s March 3 post on Truth Social suggested the stockpile could include XRP, Solana (SOL), and Cardano (ADA), alongside Bitcoin (BTC) and Ethereum (ETH).

However, blockchain analytics show the government’s crypto holdings primarily consist of 198,109 BTC ($17.87 billion), Ethereum ($119 million), and Tether ($122 million), with no XRP, SOL, or ADA.

The executive order also mandates a full audit of all government-held digital assets, with findings to be reported to the Treasury Secretary and the White House’s crypto working group.