Trump creates strategic Bitcoin reserve funded by forfeited assets: “I made a promise” – BTC drops 4%

“AI and Crypto Czar” appointed by the White House David Sacks Revealed the President Donald Trump An executive order was signed to establish a strategy Bitcoin BTC/USD Prepared for Thursday, the move will not lose taxpayers.

what happened: In X’s post, Sax said the reserve will be funded by federally owned Bitcoin, which is obtained through criminal or civil asset forfeiture procedures. “That means it won’t make taxpayers a dime,” he added. The U.S. government is estimated to own about 200,000 bitcoins, but has never conducted a full review. Executive orders guide comprehensive accounting for government digital asset holdings. The reserve is priced at Apex cryptocurrency with a value of approximately $17 billion.

According to Saxophone, the United States will not sell any bitcoins stored in its reserves, but instead use them as a store of value. He likens the reserve to the cryptocurrency of “Digital Knox”, commonly known as “Digital Gold.”

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“The fiscal and business secretary has the right to develop budget-neutral strategies to acquire other bitcoins as long as these strategies have no incremental costs for U.S. taxpayers,” Sacks said.

In addition, the order establishes a U.S. digital asset inventory, which consists of digital assets other than Bitcoin confiscated in criminal or civil litigation.