March 6, 2025
Treasury establishes Bitcoin reserve using DOJ civil forfeiture assets
US establishes bitcoin reserve using seized cryptocurrency without taxpayer funds
đź“‹Public Policyđź’°Economy
President Donald Trump signed an executive order on 2025-03-06 establishing a Strategic Bitcoin Reserve funded exclusively with cryptocurrency seized in criminal and civil forfeiture cases, ensuring no new purchases or taxpayer burden. (Sources: CNBC; Reuters)
As of Mar. 2025, the U.S. government holds more than 207,000 bitcoin, valued at approximately $17 billion. (Source: Global Fintech & Digital Assets Blog)
The BITCOIN Act proposed in Congress would authorize the Treasury Department to acquire up to 5% of Bitcoin’s total supply—about 1 million coins—at an estimated cost of $88 billion. (Source: Global Fintech & Digital Assets Blog)
The executive order directs agency heads to report all bitcoin and other digital assets in their possession to the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets within 30 days. (Source: Global Fintech & Digital Assets Blog)
David Sacks, White House AI and Crypto Czar, described the Strategic Bitcoin Reserve as "like a digital Fort Knox for cryptocurrency." (Source: Global Fintech & Digital Assets Blog)
Bitcoin’s market price fell by about 5% to $85,000 when the executive order was announced. (Source: Reuters)
Executive Order 14067 of Mar. 9, 2022 (Ensuring Responsible Development of Digital Assets) was revoked by President Trump’s 2025 order. (Source: White House)
Under Article I, Section 8 of the U.S. Constitution, only Congress may appropriate funds and authorize new strategic reserves. (Source: Global Fintech & Digital Assets Blog)
The U.S. Digital Asset Stockpile will include only tokens obtained through forfeiture proceedings; no new deposits will be made. (Source: Reuters)
đź“‹Public Policyđź’°Economy
Test Your Knowledge
10
Q1
How many days do agencies have to report their digital asset holdings to Treasury?
Q2
Besides Bitcoin, which cryptocurrency did Trump specifically mention for the Digital Asset Stockpile?
Q3
David Sacks compared the Bitcoin reserve to "digital Fort Knox."
Q4
How much bitcoin does the U.S. government currently hold from seizures?
Q5
What type of presidential document did Trump use to create the Bitcoin reserve?
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President Donald Trump
signed the executive order establishing the Strategic Bitcoin Reserve on 2025-03-06 and revoked Executive Order 14067. (Sources
David Sacks (White House AI and Crypto Czar)
announced that the reserve would be funded solely with seized cryptocurrency and likened it to "digital Fort Knox." (Source
Gerry Connolly (Ranking Member, House Committee on Oversight and Government Reform)
urged the Treasury to cease attempts at creating the Strategic Bitcoin Reserve, citing conflicts of interest. (Source
Maxine Waters (U.S. Representative, California)
criticized the reserve as "silly" and invoked Congress’s Article I, Section 8 spending authority. (Source