Establishment of Strategic Bitcoin Reserve and United States Digital Asset Stockpile
As per the directive issued by the President of the United States on March 6, 2025, the government has initiated the establishment of a Strategic Bitcoin Reserve and a United States Digital Asset Stockpile. This move comes in light of the growing importance of cryptocurrencies, especially Bitcoin, as a store of value in the global financial system.
Background
Bitcoin, the original cryptocurrency, has a fixed supply of 21 million coins, making it a scarce and secure digital asset often referred to as “digital gold.” Recognizing the strategic advantage of holding Bitcoin reserves, the United States Government aims to maximize the potential of BTC in enhancing the country’s economic prosperity.
Policy
The policy of the United States is to establish a Strategic Bitcoin Reserve to secure and manage all BTC held by the Department of the Treasury through criminal or civil asset forfeiture proceedings. Additionally, a United States Digital Asset Stockpile will be created to manage other digital assets owned by the government.
Creation and Administration
The Secretary of the Treasury will oversee the establishment and maintenance of the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile. Government BTC and Stockpile Assets will be deposited into separate custodial accounts and utilized for governmental objectives in accordance with applicable law.
The acquisition of additional Government BTC will be strategized by the Secretaries of the Treasury and Commerce, ensuring budget neutrality and no additional costs to taxpayers. However, the acquisition of Stockpile Assets will require further executive or legislative action.
Accounting
Each agency must provide a full accounting of all Government Digital Assets in their possession within 30 days. This includes information on custodial accounts to facilitate the transfer of assets to the Strategic Bitcoin Reserve or United States Digital Asset Stockpile.
General Provisions
This order does not affect the authority of executive departments or agencies, nor does it impact the functions of the Office of Management and Budget. Implementation will be consistent with applicable law and subject to appropriations.
It is important to note that this order does not create any enforceable rights or benefits for any party against the United States or its entities.
Overall, the establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile signifies a proactive approach towards harnessing the potential of digital assets for the country’s economic well-being.
