On March 7, White House Advisor on AI and Cryptocurrency, David Sacks, announced on social media that President Donald Trump had signed an executive order to establish a strategic Bitcoin reserve fund.
According to Sacks, this fund will be formed using Bitcoin currently held by the U.S. government, primarily from asset seizures in criminal or civil cases, without using taxpayer money.
The U.S. government is estimated to own around 200,000 BTC, though no comprehensive audit has ever been conducted. The new executive order mandates a full report on all federal digital assets. The Bitcoin in the reserve fund will not be sold but kept as a store of value, similar to how gold is safeguarded at Fort Knox.
Additionally, the order establishes the U.S. Digital Asset Reserve Fund, which will include other seized digital assets beyond Bitcoin. However, the government will not purchase new assets for the fund but will only manage seized assets under the Treasury Department’s oversight.