The market’s disappointment reveals unease over the absence of an immediate Bitcoin accumulation strategy, despite the government’s new reserve policy on Bitcoin.<\/p>\n 2 min read<\/span><\/p>\n Updated:<\/span> Mar. 7, 2025 at 1:14 am UTC<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n Cover art\/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.<\/p>\n<\/div>\n<\/div>\n President Donald Trump<\/a> signed an executive order on March 6 establishing a Strategic Bitcoin<\/a> Reserve and a Digital Asset Stockpile and\u00a0directing the federal government to retain forfeited crypto as a long-term store of value.<\/p>\n Under the order, the Treasury Department will oversee the management of both reserves but the government will not actively acquire additional assets beyond those seized.<\/p>\n The order further states that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will be tasked with developing budget-neutral strategies to expand the country\u2019s Bitcoin holdings without incurring additional taxpayer costs.<\/p>\n However, it does not provide further details or a timeline for when these holdings would be expanded.<\/p>\n The market reacted negatively to the revelation that the government would not immediately acquire more Bitcoin for the reserve. The lack of an immediate accumulation strategy has tempered market enthusiasm.<\/p>\n Based on CryptoSlate data, Bitcoin crashed more than 5% within minutes to a low of $85,000 before attempting to stem the bleeding. The flagship crypto was trading at $86,000 as of press time.<\/p>\n The wider market followed suit, with major alts falling 6% across the board.<\/p>\n The order mandates that Bitcoin seized through criminal and civil asset forfeiture proceedings will be deposited into the reserve, ensuring no additional costs to taxpayers.<\/p>\n Meanwhile, the Digital Asset Stockpile, a separate pool, will hold cryptocurrencies other than BTC that are also obtained through forfeiture.<\/p>\n The order also calls for a full audit of the government\u2019s digital asset holdings, with estimates suggesting the US owns approximately 200,000 BTC.<\/p>\n The new policy prevents the government from selling any Bitcoin in the reserve, likening it to a digital equivalent of Fort Knox. Supporters of the move argue it could prevent past missteps, referencing instances where early Bitcoin sales led to billions in lost potential value.<\/p>\n The move aligns with Trump\u2019s broader push to position the US as a global leader in digital assets. David Sacks, a key advocate within the administration, praised the decision, calling it a fulfillment of Trump\u2019s campaign promises to support crypto innovation.<\/p>\n While the executive order signals a shift in federal digital asset policy, questions remain about its long-term implications. Some analysts warn that maintaining a Bitcoin reserve without active management could expose the government to market volatility.<\/p>\n Additionally, regulatory hurdles and congressional oversight may further impact how the initiative develops.<\/p>\n The order highlights the administration\u2019s accelerating efforts to integrate digital assets into national financial strategy, with officials calling it a step toward solidifying the US as a \u201ccrypto capital.\u201d<\/p>\n At the time of press 1:14 am UTC on Mar. 7, 2025<\/span>, Bitcoin<\/a> is ranked #1 by market cap and the price is down 4.57%<\/span><\/strong> over the past 24 hours. Bitcoin has a market capitalization of $1.71 trillion<\/strong> with a 24-hour trading volume of $54.87 billion<\/strong>. Learn more about Bitcoin \u203a<\/a><\/p>\n At the time of press 1:14 am UTC on Mar. 7, 2025<\/span>, the total crypto market is valued at at $2.83 trillion<\/strong> with a 24-hour volume of $125.59 billion<\/strong>. Bitcoin dominance is currently at 60.37%<\/strong>. Learn more about the crypto market \u203a<\/a><\/p>\n<\/div>\n<\/div>\n![\"bitcoins](\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/imgresize\/timthumb.php?src=https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/03\/trump-bitcoin-dump.jpg&w=70&h=37&q=75\")
Trumps signs Bitcoin reserve order but won\u2019t buy more \u2013 for now<\/span> Assad Jafri \u00b7<\/span> 3 weeks ago<\/span> \u00b7 2 min read<\/span> <\/span> <\/span> <\/span> <\/span><\/p>\n![](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed-150x150.jpg\")
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