David Sacks, the AI and cryptocurrency chief appointed by President Trump, announced on his personal X page that Trump has signed an executive order to establish a strategic Bitcoin reserve. Additionally, he has authorized the creation of a U.S. Digital Asset Stockpile, designed to hold cryptocurrencies beyond Bitcoin.
However, the White House has not issued an official statement regarding these actions. Nonetheless, Trump recently declared his intention to incorporate five major cryptocurrencies—XRP, Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH)—into the United States’ strategic crypto reserve, a move seemingly aligned with the Bitcoin Reserve Act previously proposed by Senator Charles Schwertner.
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
Prior to this, Schwertner proposed legislation that would place Texas at the forefront of cryptocurrency adoption by making it the first U.S. state to establish a Bitcoin reserve under the oversight of the Texas Comptroller of Public Accounts. This initiative aims to accumulate a crypto reserve with a minimum market value of $500 billion, encompassing Bitcoin and other digital assets, to serve as a safeguard against economic crises, emergencies, and national security threats—spanning energy, metals, agriculture, finance, and defense sectors.
According to David Sacks, the Bitcoin within this reserve system will primarily be sourced from criminal and civil asset forfeitures and strategically acquired under policies set forth by the Treasury and Commerce Departments, ensuring that its acquisition does not impose any financial burden on taxpayers.
Unofficial estimates suggest that the U.S. government currently holds approximately 200,000 Bitcoin. Going forward, any Bitcoin allocated to the reserve system will not be liquidated but instead retained as a strategic asset, with policies enacted to maximize its long-term value.
Furthermore, the U.S. Digital Asset Stockpile will serve as a repository for non-Bitcoin digital assets, exclusively composed of cryptocurrencies obtained through asset forfeiture, rather than through direct market purchases.
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