$BTC President Trump's executive order creates a strategic bitcoin reserve, made up of bitcoin owned by the Treasury Department that has been seized as part of criminal or civil asset forfeiture proceedings. Other agencies are expected to evaluate an potential transfers of owned bitcoin to the strategic reserve.

The U.S. will not sell any bitcoin deposited in the strategic reserve. Trump ordered the Secretaries of Treasury and Commerce to develop "budget-neutral strategies" to acquire additional bitcoin, as long as they impose no costs on taxpayers.

The executive order also establishes a U.S. digital asset stockpile, which will include crytpos other than bitcoin that have been forfeited in criminal or civil proceedings. The government will not acquire additional assets for the stockpile beyond those obtained through forfeiture proceedings. The purpose of the stockpile is "responsible stewardship of the government's digital assets under the Treasury Department," according to Sacks.