US President Donald Trump has signed an executive order to create a strategic bitcoin reserve, which will be formed from confiscated assets in criminal and civil cases. Dubbed a “digital Fort Knox,” the reserve will be a long-term store of value similar to the country’s gold reserves. The reserve will not require taxpayer funds to finance, as it will be based on existing assets.

The executive order also introduced the concept of the “US Digital Asset Reserve” to manage confiscated altcoins. The US government currently owns about 200,000 BTC, but has never been formally audited. The new order requires a full inventory of these assets, which will ensure transparency and control over the state's digital assets.

This decision was part of Trump's strategy to turn the United States into the "crypto capital of the world." David Sachs also thanked the Digital Asset Markets Working Group for their contribution to the initiative. He previously noted that over the past 10 years, the United States has sold 195,000 BTC for $366 million.