As The Pavlovic Today broke the news on Wednesday in conversation with Secretary Howard Lutnick, the Strategic Bitcoin Reserve is officially happening. On the eve of the historic first-ever White House crypto summit, led by David Sacks, President Trump has signed an unprecedented executive order (EO) establishing the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile.

President Trump and Secretary Lutnick in the Oval Office [ Photo credit: White House official photography]
President Trump and Secretary Lutnick in the Oval Office [ Photo credit: White House official photography]

As Lutnick previewed for The Pavlovic Today, there is a separation between Bitcoin and other currencies.

“A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday,” Lutnick said.

“So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently,” he added.

President Trump is expected to address the attendees and deliver the speech at the Friday summit.

The U.S. Formally Recognizes Bitcoin as a Strategic Asset

For the first time in history, the U.S. is officially adopting Bitcoin as a strategic asset. The Bitcoin Strategic Reserve will be equivalent to the nation’s gold reserves and will be managed by the Department of the Treasury.

A key aspect of the Bitcoin Reserve strategy is its funding model: it will only include Bitcoin obtained through criminal and civil asset forfeiture. This “digital gold” cannot be sold, except in limited cases such as:

  • Returning assets to crime victims
  • Funding law enforcement operations
  • Sharing with state and local law enforcement
  • Meeting legal financial obligations

How Will Bitcoin Be Acquired?

The Treasury and Commerce Departments will develop strategies to acquire more BTC, but as David Sacks confirmed in a statement on X, there will be no taxpayer cost. The U.S. government will not acquire additional non-BTC digital assets outside of forfeiture unless authorized by law.

This EO marks a turning point in the U.S. approach to digital assets, positioning the government as a long-term Bitcoin holder. At the same time it can accelerate the Bitcoin adoption across the world and prompt other countries to create their own strategic reserves.

So, what happens next?

According to Sacks, the U.S. government currently owns an estimated 200,000 Bitcoin, but “there has never been a complete audit,” he revealed.

Under the EO:

  • Within 30 days, all government agencies must transfer forfeited BTC to the Strategic Bitcoin Reserve.
  • All other digital assets will be transferred to the United States Digital Asset Stockpile.
  • Agencies must review and report their digital asset holdings within the same timeframe.

As the White House crypto summit takes place on Friday, additional provisions of the crypto policies are expected to be outlined.

Senator Cynthia Lummis, a leading crypto advocate on Capitol Hill, welcomed the EO, saying:

“We are becoming the Bitcoin and digital asset capital of the world. America is so ₿ack.”

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Ksenija Pavlovic is the Founder and Editor-in-Chief of the Pavlovic Today, The Chief White House Correspondent. Pavlovic was a Teaching Fellow and Doctoral Fellow in the Political Science department at...

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