Trump's 'Strategic Bitcoin Reserve' Plan Comes With a Twist

Rather than buy bitcoin directly, Donald Trump's plan calls for holding the US government's current bitcoin assets in reserve—and creates a separate stockpile for other crypto coins.

US president Donald Trump has ordered his government to establish two national cryptocurrency reserves set to be worth many billions of dollars. In an executive order signed Thursday, Trump formalized the creation of a “strategic bitcoin reserve,” composed entirely of bitcoin, and a separate “national digital asset stockpile” featuring various other crypto coins. Both will be populated with coins seized by US government agencies in the course of law enforcement activities.