On March 9, 2021, President Donald Trump signed an executive order to establish the "Strategic Reserve for Bitcoin" and "Digital Asset Inventory". This reserve aims to hold Bitcoin seized from criminal and civil cases as a reserve asset, without selling it, similar to how gold is held at Fort Knox.
The U.S. government estimates it owns about 200,000 Bitcoins, valued at approximately $17 billion. The inventory also includes other digital assets such as Ethereum, Cardano, Solana, and XRP.
Trump promotes this step as part of his efforts to make America the "capital of digital currencies". However, the plan has faced criticism from economists who argue that relying on volatile assets like Bitcoin to pay off national debts could be risky.