U.S. Treasury Department to set up strategic Bitcoin reserves and digital asset reserve custody accounts

PANews reported on March 7 that according to the official announcement of the White House website, Trump signed an executive order on March 6, 2025 to officially establish the Strategic Bitcoin Reserve and the US Digital Asset Stockpile to strengthen the government's management of digital assets.

The executive order requires the Ministry of Finance to set up special agencies to manage and control custodial accounts and manage government-held Bitcoin (BTC) and other digital assets, which are mainly derived from criminal or civil forfeiture. There will be no new budget for funds in the early stage, and BTC can be further accumulated in the future by not increasing taxpayer costs. The executive order also restricts the government from selling or disposing of these assets unless it involves legal requirements, compensation for victims of crimes, or law enforcement purposes.

Each federal agency is required to submit digital asset reports held within 30 days, and the Treasury Department will evaluate management and legislative needs within 60 days.