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ESTABLISHMENT OF THE STRATEGIC BITCOIN RESERVE AND UNITED STATES DIGITAL ASSET STOCKPILE

An executive order has been issued on March 6, 2025, to create a Strategic Bitcoin Reserve and a United States Digital Asset Stockpile to manage digital assets more effectively and leverage the country’s holdings.

1. Background on Bitcoin

• Bitcoin is the first cryptocurrency with a capped supply of 21 million coins.

• It is considered secure and often referred to as "digital gold. "

• There is a strategic advantage for countries that establish bitcoin reserves early.

2. Policy Establishment

• The U. S. will create a Strategic Bitcoin Reserve aimed at managing bitcoin as a valuable asset.

• Additionally, a Digital Asset Stockpile will be set up to manage other digital assets owned by the government.

3. Creation and Administration

• The Secretary of the Treasury will create an office to handle the Strategic Bitcoin Reserve, using BTC from asset forfeiture cases.

• Agencies have 30 days to report on any BTC they can transfer to the Reserve.

• The reserve assets will not be sold, only used according to U. S. law.

4. Digital Asset Stockpile Management

• The Secretary of the Treasury will also manage the Digital Asset Stockpile containing non-BTC digital assets from asset forfeiture.

• Agencies must also report any assets they can transfer to this stockpile within 30 days.

5. Acquisition Strategies

• Strategies will be developed for acquiring additional Government BTC without extra costs to taxpayers.

• Acquisitions of Stockpile Assets must happen through legal forfeiture processes only.

6. Definition of Government Digital Assets

• Government Digital Assets include both Government BTC and Stockpile Assets.

• Agencies cannot sell or dispose of these assets except in specific circumstances outlined in the order, such as returning assets to victims of crime or as determined by a court.

7. Accountability and Reporting

• Agencies must provide a full accounting of Government Digital Assets within 30 days to aid in forming the reserves.

• If an agency has no digital assets, they must confirm it to the Secretary of the Treasury.

8. General Provisions

• The order does not infringe on the authority of existing laws or the budgetary functions of the Office of Management and Budget.

• It will be implemented lawfully and ensure that it does not create enforceable rights against the U. S. or its entities.

This executive order represents a significant step in the U. S. government's approach to digital assets, aiming to secure and manage its cryptocurrency holdings for future strategic benefits while ensuring compliance with existing laws. It mandates accountability from various agencies in the management of these assets. 

https://www.whitehouse.gov/presidential-actions/2025/03/establishment-of-the-strategic-bitcoin-reserveand-united-states-digital-asset-stockpile/

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