United States Establishes a Strategic Bitcoin Reserve
Executive Order 14233 created a U.S. Strategic Bitcoin Reserve for forfeited government BTC and a separate Digital Asset Stockpile for other assets, with reserve Bitcoin generally barred from sale and additional acquisitions limited to budget-neutral strategies.
On March 6, 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and a separate United States Digital Asset Stockpile. The order treated Bitcoin differently from other government-held digital assets: forfeited BTC transferred to the reserve would be maintained as a reserve asset, while non-Bitcoin assets would be administered separately.
The order stated that government Bitcoin deposited into the reserve would not be sold, subject to limited legal and forfeiture-related exceptions. It also directed the Treasury and Commerce departments to develop strategies for acquiring additional Bitcoin only if those strategies were budget neutral and imposed no incremental cost on taxpayers. Agencies were ordered to provide a full accounting of their digital-asset holdings.
The policy converted previously forfeited Bitcoin from an asset normally associated with government disposal into an explicitly named reserve category. It also formalized a distinction between Bitcoin and other digital assets at the federal level, creating a new sovereign-policy framework around custody, accounting, disposition, and possible future acquisition.