A strategic bitcoin reserve is established by an order signed by Trump.

A day before he met with cryptocurrency sector executives at the White House, U.S. President Donald Trump signed an executive order Thursday to create a strategic bitcoin reserve.

In a post on social media site X, millionaire David Sacks, the White House crypto czar, stated that the reserve would be financed using federally owned bitcoin that had been confiscated as part of criminal or civil asset forfeiture actions.

Trump boosted the market value of each of the five digital assets he said he planned to include in this reserve earlier this week. According to the president, the five are cardano, ether, XRP, bitcoin, and solana.