According to Odaily, U.S. President Donald Trump has signed an executive order to create a U.S. Strategic Bitcoin Reserve. This reserve will utilize Bitcoin acquired through government asset forfeiture procedures, ensuring no additional burden on taxpayers. The U.S. government is estimated to hold approximately 200,000 Bitcoins, and the order mandates a comprehensive audit of these holdings.
The Bitcoins in the reserve will be retained as a store of value and will not be sold. Previous premature sales of Bitcoin have reportedly cost taxpayers over $17 billion. The Treasury and Commerce Departments are authorized to develop strategies to acquire more Bitcoin without increasing taxpayer expenses.
Additionally, the order establishes a U.S. Digital Asset Reserve to manage other digital assets held by the government. This move fulfills the President's promise to make the United States the "world's crypto capital." Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Task Force Executive Director Bo Hines have played significant roles in this initiative.