- Trump’s order creates a Bitcoin Reserve with 200,000 seized BTC; taxpayers fund $0 for the initiative.
- U.S. lost $17B selling BTC early; Reserve halts sales, prioritizes long-term holdings as “digital gold.”
- Digital Asset Stockpile stores seized non-Bitcoin crypto; no new purchases beyond forfeitures permitted.
President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve, the White House confirmed. The reserve will hold bitcoin seized by the U.S. government through criminal or civil asset forfeitures, requiring no taxpayer funds.
Historic moment! Thank you, President Trump! pic.twitter.com/Ql6lG63EEU
— David Sacks (@davidsacks47) March 7, 2025
Federal agencies currently possess approximately 200,000 bitcoin, though no full audit has been conducted to date. The order mandates a detailed review of all government-held digital assets.
Reserve Aims to Preserve Bitcoin Value
The government will retain Bitcoin in the reserve instead of selling it, treating it as a long-term asset. Officials compared the initiative to storing physical gold reserves, referencing Bitcoin’s “digital gold” label.
Previous sales of seized bitcoin resulted in losses exceeding $17 billion, according to government estimates. The order prohibits future sales unless aligned with strategies to maximize asset value.
JUST NOW!
President Trump signs an Executive Order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile 🇺🇸 pic.twitter.com/N9p2sQknVS
— Margo Martin (@MargoMartin47) March 7, 2025
The executive order also establishes a U.S. Digital Asset Stockpile for non-bitcoin cryptocurrencies obtained via forfeitures. No new purchases will occur beyond seized assets.
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will develop methods to acquire additional bitcoin without taxpayer expenses, pending congressional approval.
Working Group Credits
David Sacks, a policy advisor, praised Trump’s fulfillment of campaign pledges to advance crypto policies. He acknowledged contributions from the Presidential Working Group on Digital Asset Markets, including Bessent, Lutnick, and Bo Hines, who served as Executive Director. Sacks stated the administration is operating at “tech speed” to position the U.S. as a leader in digital asset regulation.
Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it…
— David Sacks (@davidsacks47) March 7, 2025
The order formalizes procedures for managing seized cryptocurrencies, prioritizing retention over immediate liquidation. ETHNews analysts anticipate the audit will clarify the government’s bitcoin holdings, while the reserve’s structure could influence broader institutional adoption.
XRP is currently trading at $2.5156, reflecting a 4.43% decline in the last 24 hours but still maintaining a 13.03% gain over the past week. The asset faces resistance at $2.70 while strong support lies between $2.30 and $2.20, indicating a key accumulation zone for traders. XRP’s 24-hour trading volume is $8.03 billion, showcasing significant market activity and liquidity.
From a technical standpoint, XRP’s moving averages indicate a mixed trend, with short-term bearish momentum but a long-term bullish outlook. Oscillators are showing neutral signals, suggesting the market is at a consolidation phase before a potential breakout.
The recent outperformance of XRP against Bitcoin and Ethereum signals growing investor interest, with XRP currently trading at a 5.11% premium to BTC. Furthermore, XRP options data shows a positive skew, indicating that traders have a stronger bullish sentiment on XRP compared to BTC and ETH.
Key levels to watch include $2.5350, which is acting as an immediate resistance level. If XRP breaks above $2.70, a retest of its recent high of $3.40 could be in play. Conversely, failure to hold $2.30-$2.20 as support may lead to further downside, potentially testing the $2.00 psychological level. With XRP’s historical volatility at 10.36%, traders should expect sharp price movements in both directions.
