An executive order establishing a Strategic Bitcoin Reserve and a US Digital Asset Stockpile, both made up of cryptocurrencies seized in criminal and civil cases, has been signed by President Donald Trump.
David Sacks, the White House’s artificial intelligence (AI) and crypto policy lead, announced on March 7 that the reserve would be funded with Bitcoin already in government possession.
He described it as a “digital Fort Knox” meant to store Bitcoin without selling it. The order directs federal agencies to assess whether they can contribute any Bitcoin they hold to the reserve.
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Days before signing the order, President Trump posted on Truth Social that the reserve would include XRP
$2.19
, Solana
$127.69
, and Cardano
$0.7416
, with Bitcoin
$82,330.57
and Ethereum
$2,064.42
becoming the reserve’s primary assets.
However, Arkham Intelligence reports that the US government does not hold XRP, SOL, or ADA among its crypto assets, which are worth about $18.28 billion in total. The largest holding is 198,109 Bitcoin, valued at $17.87 billion, followed by Ethereum worth $119 million and $122 million in Tether’s USDT
$0.9969
.
Alongside the Bitcoin reserve, the Digital Asset Stockpile will hold other cryptocurrencies. According to Sacks, the Treasury Department will manage it, but the government will not buy more crypto beyond what is obtained through forfeitures. The Treasury Secretary may later decide how to handle these assets, including the possibility of selling them.
The White House clarified that the Treasury and Commerce secretaries must find “budget-neutral strategies” to acquire more Bitcoin for the reserve without increasing costs for taxpayers.
Meanwhile, Sacks responded to reports about selling all his crypto holdings before President Trump took office. What did he say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
