PANews reported on March 7 that according to Jinshi, David Sacks, the head of cryptocurrency at the White House, revealed that Trump signed an executive order to establish a strategic Bitcoin reserve. The reserve will be funded by Bitcoin owned by the federal government, which is confiscated in criminal or civil asset forfeiture procedures. In addition to assets acquired through asset forfeiture procedures, the government will not purchase additional assets for the reserve. The government will not sell any Bitcoin deposited in the reserve. The Secretary of the Treasury and the Secretary of Commerce are authorized to develop a budget-neutral strategy to acquire more Bitcoin. The executive order also established the US Digital Asset Reserve.

Sacks also said that the U.S. government's premature sale of Bitcoin has cost U.S. taxpayers more than $17 billion in value. The U.S. government owns about 200,000 Bitcoins, and the executive order requires a comprehensive accounting of digital assets held by the federal government. Now, the federal government will develop a strategy to maximize the value of its Bitcoin holdings.