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US Government Bitcoin Reserve: A 'Digital Fort Knox' Is Born
Last Updated: March 07, 2025
✓ Fact Checked
Key Takeaways
- President Trump’s executive order establishes a Bitcoin reserve, funded with crypto seized in legal cases;
- A separate Digital Asset Stockpile will manage non-Bitcoin crypto under Treasury;
- The government will not buy more crypto but may sell assets from the stockpile.
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
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
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.
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