Trump creates bitcoin reserve ahead of White House 'crypto summit'

Published On Mar 7, 2025, 4:00 AM

President Trump has authorized the creation of a Bitcoin reserve and a stockpile of other digital assets at a White House crypto summit. This reserve will be funded by Bitcoin seized by the government in asset forfeitures. The government reportedly owns approximately 200,000 Bitcoin, and more may be acquired in the future without additional costs to taxpayers. This initiative is aimed at stabilizing digital asset volatility and recognizing crypto as a strategic asset akin to 'digital gold.' How this move affects the market is to be observed, but there is a significant focus on integrating cryptocurrencies into U.S. monetary policy and regulatory frameworks.