U.S. President Donald Trump signed an order to establish a strategic bitcoin reserve, which involves storing assets confiscated by the Treasury in criminal and civil cases.
The sale of cryptocurrency from this new fund is prohibited—it will serve as a means of long-term storage of national assets. Other federal agencies will explore the possibility of transferring their bitcoin holdings to the common reserve.
Trump also ordered the creation of a separate storage for digital assets not related to the primary cryptocurrency. These coins must come only from confiscations and not be additionally purchased. They can be sold on the market only in exceptional cases, if deemed necessary by the Treasury.
Agencies are required to provide a full report of their cryptocurrency assets for subsequent data consolidation. This aims to prevent chaotic management of confiscated digital funds, enhancing transparency and efficiency in their use for the state’s benefit.
The initiative is aimed at strengthening the U.S.’s status as a global crypto hub. According to administration representatives, centralized management of cryptocurrencies will provide a strategic advantage, considering the limited issuance of bitcoin and its role as digital gold.
Special Advisor on AI and Cryptocurrencies David Sacks criticized the government’s past sale of a large volume of the primary cryptocurrency. According to him, financial losses from government decisions have cost taxpayers billions of dollars.
Over the past decade, the federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today. That’s how much it has cost American taxpayers not to have a long-term strategy.
— David Sacks (@davidsacks47) March 6, 2025
“Over the past decade, the federal government sold about 195,000 BTC, generating $366 million. If these assets had been held, their value would now exceed $17 billion,” said Sacks.
According to BitcoinTreasuries, the U.S. government holds 198,109 BTC worth $17.48 billion.
On March 7, the White House will host its first crypto summit. It is expected that new details about the reserve’s composition will be revealed at the forum, likely including XRP, SOL, and ADA.
Earlier, on March 5, U.S. Commerce Secretary Howard Lutnick hinted that bitcoin would receive “special status,” while the attitude towards other cryptocurrencies would be “positive.”