President Trump signed an order to establish a BTC strategic reserve, which will serve as a store of value similar to Fort Knox.

On March 6, 2025, 19:45 Eastern Time in the United States

Key points:

The executive order requires a comprehensive audit of digital assets held by the federal government.

The United States will not sell any bitcoin deposited in reserves, it will be kept as a value storage similar to digital Fort Knox.

Less than a week after announcing plans to establish a ‘crypto strategic reserve,’ U.S. President Donald Trump signed an executive order late Thursday to create a strategic Bitcoin reserve.

White House AI and crypto czar David Sacks ( David Sacks ) wrote on X: “The reserve will be capitalized with bitcoins seized by the United States in criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a penny.”

The executive order requires a comprehensive account of the federal government’s digital asset holdings. According to the data from the Bitcoin Treasury, the U.S. government owns 198,109 bitcoins, valued at approximately 17 billion U.S. dollars at current market prices.

Sachs said that the United States will not sell any Bitcoin stored in reserves, which will be held as a store of value, similar to the ‘Digital Fort Knox’ of the world’s largest cryptocurrency. Sachs stated that Treasury Secretary Scott Benett and Commerce Secretary Howard Lutnick are also authorized to develop budget-neutral strategies to acquire more Bitcoin, provided that these strategies do not increase costs for American taxpayers.

The executive order also establishes the U.S. Digital Asset Reserve, which includes digital assets seized in criminal or civil litigation other than Bitcoin. In addition to assets obtained through seizure proceedings, the government will not acquire other assets for the reserve.

In the past few months, the terms ‘reserves’ and ‘inventory’ have been used interchangeably, causing some confusion.

Sax said, ‘I want to thank the President for his leadership and vision in supporting this cutting-edge technology, as well as his swift action in supporting the digital asset industry.’

Several cryptocurrency executives will attend the ‘Digital Assets Summit’ hosted by Trump in Washington, D.C. on Friday afternoon.

Last Sunday, President Trump announced the US Strategic Reserve Plan for Cryptocurrency, which includes XRP, Solana SOL, and Cardano, as well as Bitcoin and Ethereum. Many industry insiders have raised questions about the participation of XRP and ADA, believing that they lack developer activity and decentralization like BTC and ETH.

Earlier on Thursday, Sax expressed his disappointment with the way the US government handles cryptocurrency holdings on social media.

According to The Block’s BTC price data, the price of Bitcoin has dropped by 3.5% to $85,777 in the past 24 hours.