On March 7, 2025, the White House cryptocurrency chief announced that President Trump signed an executive order aimed at establishing a strategic Bitcoin reserve. This reserve will be funded by Bitcoin obtained by the federal government through criminal or civil asset forfeiture procedures. The government clearly stated that it will not sell Bitcoin nor will it spend money to repurchase Bitcoin. Trump, as a businessman, can support you with words, but not with money. In addition, this executive order also established the U.S. Digital Asset Reserve.
This news had an impact on the Bitcoin market, with the Bitcoin/USD price dropping by 4.81%. Previously, the market anticipated that the U.S. government might purchase additional Bitcoin to supplement the reserve, but the White House's statement dispelled this expectation.
