Shortly after taking office, US President Donald Trump signed an executive order outlining the creation of a National Strategic Bitcoin Reserve by March 2025.
While no official steps have been taken regarding a strategic Bitcoin (BTC) reserve since then, a new announcement on the subject may be on the way.
Accordingly, the Trump administration may soon announce a Strategic Bitcoin Reserve plan. At this point, one of the White House’s cryptocurrency advisors hinted that a significant announcement regarding the Trump administration’s “Strategic Bitcoin Reserve” plan is expected within the next few weeks.
According to The Block, Patrick Witt, Executive Director of the White House Digital Assets Advisory Council, stated at the ‘Bitcoin 2026’ conference in Las Vegas that he and others are working on the Strategic Bitcoin Reserve signed into law by Trump.
Witt stated in his speech that a significant announcement regarding the effort to create a strategic Bitcoin reserve would be made in the coming weeks, adding:
“Last year, the President signed an executive order regarding the strategic Bitcoin reserve.”
We have also started working to properly implement and strengthen this, and to fully define the necessary mechanisms to protect digital assets such as Bitcoin held on the state balance sheet.
Therefore, we will be making a big announcement in the next few weeks. I think we’ve made a breakthrough on this, and of course, this will be followed by legal regulations.
Therefore, we believe we can take a big step forward on the executive side in the next few weeks.”
As you may recall, the executive order signed by Trump essentially aimed to create a strategic Bitcoin reserve funded by Bitcoins and other digital assets seized by the government through criminal or civil lawsuits. The goal is to use approximately 200,000 BTC seized through government enforcement actions as a national reserve asset.
*This is not investment advice.