President Donald Trump has instructed his administration to set up a strategic reserve in Bitcoin to keep the assets that have been seized by the government, and he is also called on a crypto day of other types of assets.

At this point, all the assets considered by the order would be those seized in civilians or criminal perdition. Bitcoin will be stored for long -term value in what was called a “Digital Fort Knox.”

“The reserve will be activated with Bitcoin owned by the federal government, which was lost as part of criminal forfeiture of civil activity,” said David Sacks, Trump’s Krypto -Czar, in a statement published on social media Site X.

In a video showing the president who signed the order, Trump says of establishing the reserve, “gave the promise, right?”

The order has also pushed government officials to seek ways to add more bitcoin to the reserve as long as it does not damage the federal budget.

“The secretaries of the Treasury and Trade are authorized to develop budget neutral strategies to acquire additional Bitcoin, provided these strategies have no incremental costs for US taxpayers,” Sacks said.

The non-bitcoin warehouse assets will be any crypto that the government otherwise intervenes. Sacks did not highlight any special asset names in this category, despite the fact that some were recently highlighted by the president.

Matt Hougan, the biggest investment manager for BitWise Asset Management, said in a post that the move to set up a Bitcoin reserve reduces the chance the government can ever try to ban the asset, and “dramatically increases the likelihood that other nations will establish strategic Bitcoin reserves.”

But Charles Edwards, founder of Bitcoin-focused Hedge Fund Capriole Investments, called it the “most undergoing and disappointing result we could have expected this week,” argues that without a shopping plan, the strategy is a “pig in lipstick.”

Update (6 March 2025, 24:59 UTC): Adds answers from people in the industry.