Trump signs an executive decree to establish the Bitcoin government reserve

By Alan Suderman, associated company writer

President Donald Trump signed an executive decree establishing a government reserve of Bitcoin on Thursday, a key marker of the cryptocurrency trip to a possible general acceptance.

As part of Trump’s new order, the US government will keep the 200,000 bitcoin estimated that it is already seized in criminal and civil procedures, Trump’s Sacks of Trump.

“The United States will not sell any Bitcoin filed in the reserve. It will be kept as a reserve of value. The reserve is like a strong digital Knox for cryptocurrency often called “digital gold”, said Sacks on social networks.

The decree requires “complete accounting” of the government’s Bitcoin holdings, which, according to Sacks, have never been entirely audited. He added that the United States government had previously sold around 195,000 Bitcoin in the last decade for $ 366 million. He said these bitcoins were worth about $ 17 billion if the government had not sold them.

Sacks said that the order allows Treasury and Trade services to “develop neutral budgetary strategies to acquire additional bitcoin”.

Formerly skeptical that said a few years ago that bitcoin “looks like a scam”, Trump adopted digital currencies and relied on his unofficial role as “president of cryptography” in a way that can both help cryptographic industry and enrich himself and his family. Rich actors in the cryptography industry, who felt unjustly targeted by the Biden administration, massively devoted to Trump to win last year’s elections.

The establishment of a bitcoin reserve was one of the many promises related to the cryptography that Trump made on the campaign campaign last year. Trump also pushes the congress to adopt legislation adapted to industry and, under its administration, the Securities and Exchange Commission began to remove measures to apply major cryptography companies. Trump is expected to welcome many key industry leaders in a White House on Friday.

Bitcoin is the oldest and most popular cryptocurrency. Created in response to the 2008 financial crisis by a person or anonymous people, Bitcoin flourished with experience by lovers of libertarian cryptography in an asset with a market capitalization of around 1.7 billion of dollars. Although it has not taken off as a way to pay daily things, Bitcoin has found popularity as a value store that is not controlled by banks, governments or other powerful entities.

Bitcoin supply is capped at 21 million parts, an integrated rarity which, according to supporters, makes it a large coverage against inflation. Critics have long declared that Bitcoin had no inherent value, but that opponents have so far been distorted with remarkable price increases. Some supporters of a Bitcoin strategic reserve said that he could one day help reimburse the American national debt.

The cryptography prices climbed after Trump’s victory last year, and when the Bitcoin price crossed $ 100,000 in early December, Trump took the credit and posted “You are welcome !!!” on social networks.

But prices have since cooled. Trump’s decree is not equivalent to an immediate price for Bitcoin, which was negotiating about $ 86,000 shortly after its announcement.

The decree also creates a “stock of digital American stocks”, where the government will hold the cryptocurrencies entered other than bitcoin. Trump sent the cryptography prices on Sunday on a short-term wave after a surprise announcement that he wanted the government to have less known cryptocurrencies XRP, Solana and Cardano.

Originally published: March 7, 2025 at 8:42 am PST