Donald Trump signs executive order for Strategic Bitcoin ( $78,382.00 ) Reserve

US President Donald Trump has signed an executive order to create a strategic Bitcoin ( $78,382.00 ) reserve, which would be initially funded with assets seized by the government, says the White House AI and crypto czar David Sacks.

“Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin ( $78,382.00 ) Reserve,” Sacks said in a March 7 X post.

”The Reserve will be capitalized with Bitcoin ( $78,382.00 ) owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime,” he added.

Additionally, the order also established a “U.S. Digital Asset Stockpile,” which Sacks said consisted of digital assets other than forfeited Bitcoin ( $78,382.00 ) .

JUST NOW!

President Trump signs an Executive Order establishing the Strategic Bitcoin ( $78,382.00 ) Reserve and U.S. Digital Asset Stockpile 🇺🇸 pic.twitter.com/N9p2sQknVS

— Margo Martin (@MargoMartin47) March 7, 2025

Bloomberg had earlier reported that Trump was expected to sign an executive order establishing a Bitcoin ( $78,382.00 ) reserve during the crypto summit, with one option that included seeding it with government-seized crypto.

Sacks said the reserve was “a digital Fort Knox for the cryptocurrency,” and the US wouldn’t sell any Bitcoin ( $78,382.00 ) put in the reserve.

This is a developing story, and further information will be added as it becomes available.