Odaily News According to David Sacks’ post on the X platform, President Trump has just signed an executive order to establish the U.S. Strategic Bitcoin Reserve. The reserve uses Bitcoin obtained by the government through asset forfeiture procedures and will not increase the burden on taxpayers.
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The U.S. government estimates that it owns about 200,000 bitcoins, and this order requires a full audit. The bitcoins in the reserve will be retained as a means of storing value and will not be sold. The premature sale of bitcoins has cost taxpayers more than $17 billion. The Treasury and Commerce departments can develop plans that do not increase the burden on taxpayers to obtain more bitcoins and establish a U.S. digital asset reserve to manage other digital assets held by the government. The President has fulfilled his promise to make the United States the "crypto capital of the world", and Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Working Group Executive Director Bo Hines have made important contributions to this.