Donald Trump has signed a new executive order that will establish a new Bitcoin reserve worth a staggering $18,000,000,000.
Trump is throwing his weight behind Bitcoin. Credit: TheWhiteHouse/YouTube
The move is intended to put the USA at the forefront of cryptocurrency, per Investors.com.
This initiative precedes the first-ever White House Crypto Summit, set for March 7, 2025, bringing together industry leaders to discuss the future of digital assets.
The executive order, titled “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile,” emphasizes the strategic advantage of holding Bitcoin, often referred to as “digital gold”.
The US government reportedly owns 200,000 Bitcoins. Credit: Olemedia / Getty
The order notes that the U.S. government already possesses a significant amount of Bitcoin, primarily acquired through asset forfeiture proceedings, and underscores the importance of managing these assets to bolster the nation’s financial standing, per Politico.
The United States Government currently holds a significant amount of BTC, but has not implemented a policy to maximize BTC’s strategic position as a unique store of value in the global financial system,” the order says.
“Just as it is in our country’s interest to thoughtfully manage national ownership and control of any other resource, our Nation must harness, not limit, the power of digital assets for our prosperity.”
While the exact amount of Bitcoin held by the government isn’t officially disclosed, estimates suggest approximately 200,000 coins, valued at around $18 billion based on current market rates.
This substantial reserve is intended to be maintained as a store of value, with no immediate plans for liquidation.
Have you invested in Bitcoin? Credit: Westend61 / Getty
Beyond Bitcoin, the executive order establishes a United States Digital Asset Stockpile, managed by the Treasury Department, to securely oversee other cryptocurrencies obtained through legal forfeitures.
This move reflects a broader strategy to integrate digital assets into the national financial framework, as reported by Forbes.
The upcoming White House Crypto Summit will convene key figures from the cryptocurrency industry to discuss regulatory policies, innovation, and the future role of digital assets in the U.S. financial system.
This event signifies a notable shift toward proactive engagement with the rapidly evolving crypto landscape.
President Trump’s initiatives mark a significant departure from previous administrations’ approaches to cryptocurrency, signaling a commitment to embracing digital financial technologies and solidifying the United States’ position in the global crypto market.
