U.S. President Donald Trump has signed an executive order creating a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, both of which will be initially funded with cryptocurrencies seized in criminal and civil forfeiture cases.
The announcement came via White House AI and crypto czar David Sacks, who revealed the order in a March 7 post on X (formerly Twitter). “Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve,” Sacks wrote.
According to a March 6 fact sheet from the White House, the Bitcoin reserve will be built using government-owned BTC, with federal agencies evaluating their authority to transfer any Bitcoin they hold into the reserve.
Sacks described the initiative as a “digital Fort Knox” for Bitcoin, emphasising that the U.S. would not sell the BTC placed in the reserve. Instead, it will be kept as a store of value to strengthen the country’s digital asset strategy.
Digital Asset Stockpile for Non-Bitcoin Cryptos
Alongside the Bitcoin reserve, the executive order also establishes a U.S. Digital Asset Stockpile, which will hold cryptocurrencies other than Bitcoin.
Sacks clarified that the government won’t be purchasing additional cryptocurrencies for the stockpile beyond those obtained through forfeiture. However, the Treasury Secretary will determine strategies for managing and potentially selling the assets in the stockpile.
Trump’s Crypto Reserve to Include XRP, Solana, and Cardano?
Days before signing the order, Trump hinted on his Truth Social platform that the crypto reserve would include XRP, Solana (SOL), and Cardano (ADA). Later, he stated that Bitcoin and Ethereum (ETH) would form the core of the initiative.
However, blockchain analytics firm Arkham Intelligence reports that the U.S. government does not currently hold any XRP, SOL, or ADA among its $18.28 billion worth of crypto assets. Instead, the largest holdings include:
- 198,109 BTC ($17.87 billion)
- ETH worth $119 million
- Tether (USDT) worth $122 million
Full Audit Ordered for Government’s Crypto Holdings
Despite these figures, Sacks noted that a full audit of government-owned crypto has never been conducted. As part of the new executive order, Trump has directed federal agencies to provide a complete accounting of their digital asset holdings.
The audit will be reported to the Treasury Secretary and the President’s crypto working group, which was formed in January to study the feasibility of a government-controlled crypto stockpile.With this latest move, the Trump administration signals a major shift in how the U.S. approaches Bitcoin and digital assets at the federal level—a decision that could have far-reaching implications for the crypto market.
