- XRP, SOL, ADA absent from U.S. crypto stockpile despite Trump claims. Prices show minor declines, ADA up 40% weekly.
- ETHNews analysts warn concentrated U.S. Bitcoin holdings risk manipulation, contradicting crypto’s decentralized ideals. Bianco cites future policy threats.
President Donald Trump signed an executive order this week directing the creation of a U.S. strategic Bitcoin reserve, marking a new phase in federal cryptocurrency policy. The move involves using 198,000 BTC already seized from criminal activities, rather than allocating taxpayer funds to purchase additional coins.
Bitcoin’s price dropped by approximately $5,000 following the announcement, a response analysts attribute to the absence of immediate plans for large-scale government buying.
The policy specifies that no new funds will be spent to expand the reserve, a decision aligned with broader efforts to reduce federal expenditures. Officials from the Treasury and Commerce departments have been instructed to explore methods for acquiring more Bitcoin without increasing spending, such as issuing bonds or selling portions of the nation’s gold reserves.
Some Bitcoiners are saying the Strategic Bitcoin Reserve doesn’t do anything because it’s just seized assets and there’s no buying.
Well, there will be buying. There are a number of “budget neutral” ways to acquire Bitcoin such as issuing #BitcoinBonds or selling gold. Give it… pic.twitter.com/zBxYhQwMZ8
— Samson Mow (@Excellion) March 7, 2025
Samson Mow, CEO of JAN3, suggested these approaches could enable future Bitcoin accumulation, citing examples like “Bitcoin bonds” previously proposed by El Salvador.
Meanwhile, the government’s plan to hold a separate stockpile of seized digital assets—primarily Ether, USDT, and Binance Coin—drew attention to other cryptocurrencies. Despite initial claims from Trump that XRP, Solana (SOL), and Cardano (ADA) would be included, these coins were absent from the disclosed holdings. Their prices showed limited movement: XRP fell 2.3%, SOL dropped 2%, and ADA declined 6%, though ADA remains 40% higher than its value seven days prior.
The muted reaction contrasts with expectations of volatility, prompting questions about whether traders anticipate further policy shifts. The situation has also sparked debate about the risks of concentrated government ownership of Bitcoin.
Financial analyst Jim Bianco highlighted concerns that large-scale holdings could allow future administrations to manipulate Bitcoin’s value, conflicting with its original purpose as a decentralized alternative to traditional finance.
