## U.S. President Donald Trump has pledged that the federal government will never sell its Bitcoin holdings during his administration.
At the inaugural White House Crypto Summit on Friday, Trump expressed his vision of transforming the United States into the “Bitcoin superpower of the world and the crypto capital of the planet,” highlighting the significant steps his administration is taking to achieve this goal. “As you know, around the table yesterday, I signed an executive order officially creating our Strategic Bitcoin Reserve,” Trump announced. “This will be a virtual Fort Knox for digital gold, housed within the U.S. Treasury. That’s a big thing.”
Importantly, the U.S. government currently possesses nearly 200,000 Bitcoin, acquired through civil forfeitures and enforcement actions. Trump emphasized that these assets would serve as the cornerstone of the newly formed reserve, while criticizing the Biden administration for selling off tens of thousands of Bitcoin in recent years. “Unfortunately, in recent years, the U.S. government has foolishly sold tens of thousands of additional Bitcoin worth billions and billions of dollars,” Trump remarked. “From this day on, America will follow the rule that every Bitcoiner knows well: Never sell your Bitcoin. That’s a little phrase they have…so far, it’s been right, so let’s keep it that way.”
To support this long-term Bitcoin strategy, Trump has instructed the Treasury and Commerce Departments to seek ways to acquire more Bitcoin holdings without burdening taxpayers. His executive order also requires a federal inventory of all government-held crypto assets, with plans to consolidate them into a newly established U.S. digital asset stockpile.
In addition to securing Bitcoin reserves, Trump addressed what he described as the Biden administration’s antagonism toward the crypto industry. He accused regulators of targeting crypto businesses and hindering financial institutions from facilitating crypto transactions. “All of that will soon be over. We are ending Operation Choke Point 2.0,” Trump declared, referring to alleged regulatory efforts to suppress the crypto sector. He also endorsed lawmakers in drafting legislation to provide regulatory clarity for stablecoins and digital assets, calling it a “tremendous opportunity for economic growth and innovation.”
Trump’s initiative comes amid reports that China is contemplating the establishment of its own Bitcoin Strategic Reserve. According to Bitcoin Magazine CEO David Bailey, Beijing initiated closed-door meetings shortly after the November 2024 U.S. elections. While the Chinese government has not yet made an official announcement, Bailey claims that several prominent Bitcoin advocates are involved in these discussions. Meanwhile, Deputy Anton Gorelkin stated that the creation of a strategic reserve of cryptocurrencies (SBR) is “not yet being discussed” at the state level in Russia. Nevertheless, the establishment of a U.S. Bitcoin reserve marks a significant step forward.
