Trump Signs Executive Order for Strategic Bitcoin Reserve
- The U.S. government holds 198,109 BTC, valued at approximately $17 billion.
- Bitcoin in the reserve will not be sold and is intended as a store of value.
- The reserve is funded by Bitcoin seized through criminal or civil asset forfeiture.
- Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are tasked with developing budget-neutral strategies to acquire more Bitcoin.
- A separate U.S. Digital Asset Stockpile will include non-Bitcoin digital assets obtained through forfeiture.
President Trump established a Strategic Bitcoin Reserve with seized government-held Bitcoin, valued at about $17 billion, to serve as a digital store of value without taxpayer cost. Treasury and Commerce Secretaries are authorized to explore additional acquisition strategies within budget constraints.
Source (2.6)https://www.theblock.co/post/345105/president-trump-signs-order-to-establish-strategic-bitcoin-reserve-will-hold-as-store-of-value-akin-to-fort-knox
