US President Donald Trump has issued an executive order that establishes two new digital asset reserves. The first, called the Strategic Bitcoin Reserve, will initially be funded with Bitcoin seized from criminal and civil forfeiture cases. White House AI and crypto czar David Sacks explained in a March 7 post that this reserve is essentially a "digital Fort Knox" for Bitcoin, where the cryptocurrency will be held solely as a store of value rather than for sale.

In addition, a March 6 White House fact sheet announced the creation of a U.S. Digital Asset Stockpile, which will consist of cryptocurrencies other than Bitcoin.

While the Bitcoin reserve will be seeded with assets from the Treasury Department—with other federal agencies evaluating whether they can contribute any Bitcoin—the digital asset stockpile is intended to manage the government's broader crypto holdings responsibly. Sacks emphasized that no extra cryptocurrencies would be purchased for the stockpile beyond those obtained through forfeiture, though the Treasury Secretary might explore strategies, including potential sales.

Earlier on March 3, Trump mentioned on his Truth Social platform that the reserve would include cryptocurrencies like XRP, Solana, and Cardano, later adding that Ether and Bitcoin would be its "heart." However, data from Arkham Intelligence indicates that among the government's $18.28 billion in crypto assets, the largest holding is 198,109 Bitcoin, valued at roughly $17.87 billion, while there are no holdings in XRP, SOL, or ADA.

Sacks also pointed out that a complete audit of the federal crypto holdings has never been performed, and the new order now mandates a full accounting. All agencies are required to report their crypto holdings to both the Treasury Secretary and the President’s crypto working group, which was established in January to study the formation of a crypto stockpile.