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Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
Coin Edition 2025-03-07 08:17:31

Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law

Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law

President Trump’s executive order creates a U.S. Bitcoin-only reserve and a broader altcoin stockpile. The Bitcoin reserve will utilize nearly 200,000 Bitcoins acquired through criminal forfeitures. The altcoin stockpile will include cryptocurrencies like Ethereum, XRP, Solana, and Cardano. President Donald Trump has signed a new executive order to set up a digital asset reserve focused on Bitcoin and a national stockpile using altcoins. Signed Thursday, the executive order lays out the long-awaited U.S. Crypto Reserve plan. A key component of the order is the creation of two separate entities: a strategic Bitcoin-only reserve and a wider digital asset stockpile. The order specifies that the Bitcoin-only reserve will only hold the largest cryptocurrency by market capitalization. Why a Bitcoin Reserve, and Where Does the Money Come From? David Sacks, the White House’s AI & Crypto Czar, explained that this reserve won’t need taxpayer money. Instead, the government will utilize the nearly 200,000 Bitcoins acquired through criminal forfeitures. Currently, the U.S. holds 198,109 BTC, worth around $17 billion, plus 750.22 wBTC valued at about $65… The post Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law appeared first on Coin Edition .

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24h Vol
60.37%
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130
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