Trump’s Strategic Bitcoin Reserve Goes Live—Crypto Markets Buzz, Summit Looms

The crypto world is ablaze today after President Donald Trump put pen to paper on March 6, 2025, signing an executive order that officially births the U.S. Strategic Bitcoin Reserve—a bold bid to cement America’s dominance in the digital asset race.

White House Crypto Czar David Sacks broke the news on X, revealing that the reserve starts with 200,000 BTC—over $17 billion worth—sourced from federal seizures, with a strict “no-sell” mandate that’s got hodlers cheering and speculators scrambling.

Announced just a day before the White House Crypto Summit set for this afternoon, the order marks a pivotal moment in Trump’s “Make America the Crypto Capital” pledge.

It’s not just Bitcoin in the spotlight—a companion U.S. Digital Asset Stockpile will house other seized cryptocurrencies, with whispers of Ethereum, XRP, and Solana making the cut, though the White House hasn’t spilled all the beans yet.

Trump’s March 2 Truth Social post had teased a broader “Crypto Strategic Reserve” with multiple coins, and today’s summit could confirm if that vision’s still in play.

The market’s reaction? Chaos with a side of hope. Bitcoin took a 5.8% nosedive to $84,700 within hours of the news, as traders realized Uncle Sam won’t be buying BTC off exchanges anytime soon. Ethereum, XRP, and Solana shed 4-6% too, with some X users crying “sell the news” while others see a long-term win.

“This locks Bitcoin into U.S. policy—no ban’s coming now,” posted analyst Anthony Pompliano, predicting a global domino effect. Yet skeptics like Kraken’s Dan Held aren’t impressed: “200K BTC sounds big, but it’s static. Where’s the aggressive accumulation?”

Behind the scenes, the order’s got teeth: it demands a transparent audit of all federal crypto holdings—potentially revealing more than the rumored 200,000 BTC—and tasks Treasury with finding “budget-neutral” ways to stack more sats.

Think forfeiture windfalls or mining partnerships, not tax hikes. Crypto Twitter’s already buzzing with memes of Trump in a miner’s hat, captioned “To the moon, MAGA-style.”

As industry heavyweights descend on D.C. for today’s summit—think Brian Armstrong, Vitalik Buterin, and more—the big question hangs: Will Trump double down on a multi-coin reserve, or is Bitcoin the sole star?