Trump’s Bitcoin Reserve Confirmed: U.S. to Hold 200K BTC
President Trump Signs Order Establishing Strategic Bitcoin Reserve
President Donald Trump has officially signed an executive order to create a Strategic Bitcoin Reserve, leveraging cryptocurrency seized in legal cases. This move signifies a pivotal shift in the U.S. government’s approach to digital assets, treating Bitcoin as a long-term financial reserve akin to gold.
Trump’s Bitcoin Reserve: A Game-Changer for U.S. Crypto Policy
The newly established Digital4 Asset Stockpile will manage confiscated cryptocurrencies, ensuring their strategic use rather than liquidation. This policy marks a departure from previous government practices of selling seized Bitcoin, which led to significant lost value.
Key Highlights:
- The U.S. government currently holds around 200,000 BTC, but no full audit has been conducted.
- The Strategic Bitcoin Reserve will not be funded by taxpayer money; instead, it will utilize assets already in possession of the government.
- Unlike previous auctions, the government will retain its Bitcoin holdings rather than selling them.
- The Treasury and Commerce Departments are exploring ways to expand the reserve without additional financial burden on taxpayers.
Crypto Czar David Sacks Backs Bitcoin Reserve Initiative
David Sacks, a key advocate for the initiative, emphasized that Bitcoin within the reserve will be safeguarded as a store of value. Comparing it to Fort Knox, Sacks reinforced that the U.S. is shifting toward a Bitcoin-friendly financial strategy.
David Sacks on the Strategic Bitcoin Reserve:
“The U.S. will not sell any Bitcoin held in the Reserve. This is a long-term store of value, similar to how gold is protected in Fort Knox.”
Peter Schiff’s Take: Seized Assets Only, No Additional Crypto Purchases
Renowned Bitcoin critic Peter Schiff acknowledged the government’s crypto holdings but clarified that the U.S. will not be purchasing additional Bitcoin or altcoins like ETH, XRP, ADA, or SOL. Instead, the Digital Asset Stockpile will strictly consist of seized assets.
While discussions continue about whether the government should acquire more Bitcoin, the executive order clearly outlines that the current stockpile will not include newly purchased assets. Schiff considers this a positive move, ensuring taxpayer money isn’t spent on cryptocurrency acquisitions.
A New Era for U.S. Crypto Strategy
This executive order signals a significant shift1 in the government’s stance on digital assets. By treating Bitcoin as a strategic financial asset, the U.S. is positioning itself for long-term participation in the evolving digital economy.
With Bitcoin’s growing9 role in global finance, this move could set a precedent for how governments manage digital assets in the future. Whether this will influence other nations to adopt similar policies remains to be seen.
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