• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Donald Trump signs major new executive order establishing Bitcoin reserve worth around $18,000,000,000

Home> News> Politics

Published 14:40 7 Mar 2025 GMT

Donald Trump signs major new executive order establishing Bitcoin reserve worth around $18,000,000,000

President Trump signed the controversial new order yesterday (March 6)

Niamh Shackleton

Niamh Shackleton

Featured Image Credit: Getty Images/Anna Moneymaker

Topics: Cryptocurrency, Bitcoin, Politics, US News, News, Donald Trump

Niamh Shackleton
Niamh Shackleton

Niamh Shackleton is an experienced journalist for UNILAD, specialising in topics including mental health and showbiz, as well as anything Henry Cavill and cat related. She has previously worked for OK! Magazine, Caters and Kennedy.

X

@niamhshackleton

Advert

Advert

Advert

US President Donald Trump has unveiled his new plans regarding cryptocurrency.

Trump wants to make the US the crypto capital of the world, and this new executive order may just help him achieve such a huge feat.

Titled 'Establishment of the Stategic Bitcoin Reserve and United State Digital Asset Stockpile', the order — signed yesterday (March 6) — states that having a stockpile of Bitcoin in particular creates a 'strategic advantage' for America.

Donald Trump has signed another executive order (Allison Robbert for The Washington Post via Getty Images)
Donald Trump has signed another executive order (Allison Robbert for The Washington Post via Getty Images)

Advert

"The United States Government currently holds a significant amount of BTC, but has not implemented a policy to maximize BTC’s strategic position as a unique store of value in the global financial system," the order goes on.

"Just as it is in our country’s interest to thoughtfully manage national ownership and control of any other resource, our Nation must harness, not limit, the power of digital assets for our prosperity."

While the order doesn't state how much Bitcoin the US allegedly has, White House Crypto and AI Czar David Sacks says that the government owns 200,000 coins. The market rate (at the time of writing), puts Bitcoin at over $90,000 USD per coin, meaning that America has around $18 billion worth of the popular cryptocurrency, which is often referred to as 'digital gold'.

Apparently the US government owns 200,000 Bitcoins (Jonathan Raa/NurPhoto via Getty Images)
Apparently the US government owns 200,000 Bitcoins (Jonathan Raa/NurPhoto via Getty Images)

Advert

Sacks does note that there's never been an official audit, however, and added: "The [executive order] directs a full accounting of the federal government’s digital asset holdings."

As to where this large sum of coins that's in the newly-created reserve came from, Sacks says they were 'forfeited as part of criminal or civil asset forfeiture proceedings'.

While it reserve is currently worth around $18 billion, apparently the government has no plans to sell it and it will be 'kept as a store of value'.


And it's not just Bitcoin that Trump's new executive order looks at, but other types of crypto as well.

Advert

In addition to the Strategic Bitcoin Reserve, there will now be a United States Digital Asset Stockpile that will be managed by the Treasury Department. The stockpile will 'serve as a secure account for orderly and strategic management of the United States’ other digital asset holdings', as per the order.

Like the Bitcoin Reserve, this crypto reservoir will also be from digital assets forfeited in criminal or civil proceedings.

The signing of the order comes ahead of today's first ever crypto summit at the White House (March 7).

Industry leaders will be in attendance, with the proceedings starting at 1:30pm ET.

  • People ‘terrified’ as Trump signs new executive order on homelessness that could have a devastating impact
  • Donald Trump signs new executive order that could make him one of the most powerful presidents in history
  • Donald Trump signs executive order targeting transgender women in sports
  • How it could impact your deliveries if Donald Trump signs executive order making major change to US Postal service

Choose your content:

an hour ago
  • an hour ago

    Terrifying warning people on cruise ships heard as tsunami threatens to hit world after sixth-strongest earthquake

    One cruise passenger has described the alert she got on her phone after the earthquake struck in Russia

    News
  • an hour ago

    Cruise ship passenger points out eerie detail on board that's unlocking ‘pure terror’ among people

    The realization has people striking cruise breaks off their bucket lists

    News
  • an hour ago

    Trump goes on furious rant about why Stephen Colbert was ‘fired’ after host cursed him out during show

    The President hasn't held back when it comes to sharing his feelings about Stephen Colbert

    News
  • an hour ago

    All the US government advice to survive tsunami after Trump issues urgent warning

    Tsunami warnings were put in place for a number of US coastal regions after an earthquake struck off the coast of Russia

    News