Trump Signs Executive Order Establishing Strategic Bitcoin Reserve and Digital Asset Stockpile

March 6, 2025 TruthUSA

The President has announced that the reserve will consist of Bitcoin, Ethereum, Cardano, Solana, and Ripple.

On March 6, President Donald Trump issued an executive order that established a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.

David Sacks, the White House’s crypto advisor, explained in a post on X that this reserve creation is another of Trump’s campaign commitments. He emphasized that it would not “cost American taxpayers a dime” as it would utilize Bitcoin already owned by the federal government, effectively serving as a “digital Fort Knox.”

“Premature sales of Bitcoin have already led to more than $17 billion in lost value for U.S. taxpayers,” he stated. “Now, the federal government will have an approach to maximize the value of its holdings.”

Trump shared that he plans to include five digital assets in the reserve: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Ripple (XRP) in a post on Truth Social on March 2.

“A U.S. Crypto Reserve will elevate this essential industry after years of corrupt attacks from the Biden Administration. This is why my Executive Order on Digital Assets has instructed the Presidential Working Group to move forward with a Crypto Strategic Reserve including XRP, SOL, and ADA. I will ensure that the U.S. becomes the Crypto Capital of the World,” he declared. “We are making America great again!”

The executive order was signed the evening before he is set to host a White House crypto summit, where he is anticipated to unveil his strategies for establishing the strategic reserve.

Regarding the strategy, Commerce Secretary Howard Lutnick indicated in a recent interview that a strategic reserve focused solely on Bitcoin will be created, with other tokens being “treated differently.”

“The President definitely sees the establishment of a Bitcoin strategic reserve,” Lutnick noted. “Now, we will have to decide how to manage the other cryptocurrencies. I believe the framework will be announced on [March 7] during the event.

“So Bitcoin is one aspect, while the other currencies and crypto tokens will be handled differently. Positively, but with a different approach.”

However, some experts contest the idea of diversifying a crypto reserve beyond Bitcoin.

Bitcoin critic and gold advocate Peter Schiff, Chief Economist and Global Strategist at Euro Pacific Asset Management, believes that a Bitcoin-only reserve would be more sensible.

“I understand the reasoning behind a Bitcoin reserve,” Schiff stated on X. “Though I personally disagree, I see the value in establishing a Bitcoin reserve since we have a gold reserve. Bitcoin is digital gold, which surpasses traditional gold. However, what is the justification for an XRP reserve?”

News of Trump’s crypto ambitions sent market values of the mentioned currencies soaring, resulting in a total crypto market increase of around $300 billion, according to CoinMarketCap data.

Specifically, ADA soared over 60%, XRP increased by 33%, and SOL went up by 25%. Bitcoin and ETH saw gains of 10% and 13%, respectively.

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