President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve, which will include federal government-owned Bitcoin (BTC) 
$100,873 assets. David Sacks, the White House’s AI and Cryptocurrency Officer, stated that the reserve is designed to function like a “digital Fort Knox.” According to Conor Grogan, a Coinbase executive, this move could eliminate the $18 billion selling pressure in the Bitcoin market. Data from Arkham Intelligence shows that the U.S. government currently holds 198,109 BTC, 122 million Tether (USDT), and 56,035 Ethereum (ETH) 
$2,229.
How Will the U.S. Bitcoin Reserve Shape Up?
According to Trump’s order, the Strategic Bitcoin Reserve will be formed from the BTC assets possessed by the federal government. These BTCs stem from funds seized during criminal and legal cases. The new plan suggests that the government will refrain from selling these assets and will view them as a long-term store of value.
This decision guarantees that the government will not sell its BTC, potentially reducing selling pressure in the market. For a long time, significant sales originating from the U.S. were seen as a threat to Bitcoin prices. However, holding these assets in reserve may positively reflect on market stability.
Reducing the $18 Billion Selling Pressure
Conor Grogan from Coinbase stated that the Bitcoin held by the U.S. government represents an $18 billion selling pressure. He emphasized that keeping these assets in reserve could prevent a selling wave in the market, positively impacting Bitcoin prices.
The U.S. decision to create a Bitcoin reserve is being compared to traditional gold reserves. Sacks noted that the government views its Bitcoin holdings as “digital gold” and positions these assets as a strategic store of value. This approach indicates a more long-term investment mindset towards Bitcoin in the U.S.
