President Trump today signed an executive order establishing a Strategic Bitcoin Reserve and US Digital Asset Stockpile, composed of crypto assets obtained through federal criminal and civil asset forfeiture proceedings, David Sacks, the White House AI and crypto czar wrote on X.

The reserve will hold an estimated 200,000 Bitcoin currently owned by the federal government, though a complete audit has never been conducted. The executive order mandates a full accounting of the government’s digital asset holdings.

“The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value,” said David Sacks. “Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value.”

The Treasury and Commerce Secretaries are authorized to develop budget-neutral strategies for acquiring additional Bitcoin, provided they incur no additional costs to taxpayers. The Digital Asset Stockpile will manage other forfeited digital assets under Treasury Department oversight, with no plans for additional acquisitions beyond forfeitures.

“This Executive Order underscores President Trump’s commitment to making the U.S. the ‘crypto capital of the world,’” Sacks said, acknowledging Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick for their support through the President’s Working Group on Digital Asset Markets.