Establishes a Strategic Bitcoin Reserve to maintain government-owned Bitcoin as a national reserve asset, along with a Digital Asset Stockpile for other cryptocurrencies.
The Crypto Strategic Reserve is a strategic cryptocurrency reserve for the United States government announced by President Donald Trump in March 2025. The reserve would include Solana (SOL), Cardano (ADA), XRP, Ethereum (ETH), and Bitcoin (BTC) among other cryptocurrencies. Trump has previously stated that he wants the US to become the "crypto capital of the world".[1][2][3][4]
United States cryptocurrency reserve is a proposal by President Donald Trump on March 2, 2025, following an executive order signed in January 2025. This order, titled "Strengthening American Leadership in Digital Financial Technology," established the Presidential Working Group on Digital Asset Markets to explore a national digital asset stockpile, initially suggested to use seized cryptocurrencies.[5] The recent Truth Social announcement by President Trump specified the reserve would include Solana (SOL), Cardano (ADA), Ripple (XRP), Ethereum (ETH), and Bitcoin (BTC) aiming to make the US the "Crypto Capital of the World" and support industry growth.[6][7][8] The announcement caused the prices of Solana, Cardano, and XRP to jump after Trump's announcement, followed by the prices gradually declining on Monday.[9]
The reserve is intended to elevate the digital asset sector, responding to what Trump described as previous Biden administration attacks. It marks a shift from a vague stockpile concept to naming specific cryptocurrencies, potentially purchased or held by the government for strategic purposes. The working group, chaired by the White House AI & Crypto Czar David Sacks, is expected to provide recommendations by July 2025.[2]
On March 6, 2025, Trump signed an executive order to establish a strategic bitcoin reserve.[10][11]
A Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile
A Strategic Bitcoin Reserve as a permanent reserve asset, funded by Treasury's forfeited bitcoin. Agencies will explore transferring their bitcoin to this reserve. The US won't sell these coins and may develop taxpayer-neutral strategies of acquiring more bitcoin.
A U.S. Digital Asset Stockpile for non-bitcoin digital assets forfeited to Treasury. No additional assets will be acquired beyond forfeitures. Treasury may determine stewardship strategies, including potential sales.
A requirement for all agencies to fully account for their digital asset holdings to Treasury and the President's Working Group on Digital Asset Markets.
Similar initiatives in other countries
Bitcoin reserves of El Salvador
In 2020, Iran announced pending regulations that would require bitcoin miners in Iran to sell bitcoin to the Central Bank of Iran, and the central bank would use it for imports.[15]Shaparak, a subsidiary of the Central Bank of Iran, maintains control over 42 cryptocurrency exchanges.[16][17]
As of 2024, Bhutan, through the country's sovereign investment arm, is running a large-scale bitcoin mining operation, utilizing the country's abundant hydroelectric resources. This allowed Bhutan to accumulate $750 million in bitcoin holdings, representing 28% of the small country's GDP.[18]
In January 2025, the Czech National Bank announced that it will consider holding as much as 5% of its 140 billion euro ($146 billion) reserves in bitcoin.[19]
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