On March 7, 2025, President Donald Trump convened the Digital Assets Summit at the White House. The summit brought together Chief Executive Officers and other prominent figures within the cryptocurrency industry.
During the summit, President Trump signed an Executive Order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.
In his address at the Summit, President Trump stated, "...yesterday, I signed an Executive Order officially creating our Strategic Bitcoin Reserve, and this will be a virtual Fort Knox for digital gold to be housed within the United States Treasury."
The President further noted that the U.S. federal government possesses a substantial holding of approximately 200,000 Bitcoin, acquired through civil law, enforcement actions, and other legal means. These existing holdings will form the initial assets of the Strategic Bitcoin Reserve.
The White House has articulated that the creation of a Strategic Bitcoin Reserve will provide the United States with a strategic advantage due to Bitcoin's inherent scarcity and security. Additionally, a U.S. Digital Asset Stockpile will be established to securely manage the United States' broader portfolio of digital asset holdings.
The establishment of a Bitcoin Reserve is anticipated to yield the following benefits:
- Enhance national financial strength by incorporating a decentralized and potentially appreciating asset into government holdings.
- Provide geopolitical leverage to mitigate economic threats and reinforce the U.S. dollar's role in international trade.
