The Strategic Bitcoin Reserve became reality on Thursday, as President Donald Trump signed an Executive Order authorizing the creation of the digital asset stockpile.
White House AI and Crypto Czar David Sacks announced the news on X, claiming the initiative would not “cost taxpayers a dime.”
“The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” Sacks wrote.
The price of the world’s largest crypto has fallen 5.1% in the past hour to $85,868, defying, at least in the short-term, industry expectations that had been building in recent months.
The U.S. will not sell the Bitcoin it holds in the reserve, Sacks said, adding the reserve…
Apr 20 2025
