President-elect Donald Trump is reportedly planning to establish a US strategic Bitcoin reserve through an executive order on his first day in office. Jack Mallers, CEO of Strike, revealed this during a recent interview, indicating that Trump’s team intends to leverage the Dollar Stability Act’s provisions to authorise the creation of this reserve.
The proposed reserve would involve a substantial acquisition of Bitcoin, though not reaching one million coins. This initiative aligns with earlier legislative efforts, such as Senator Cynthia Lummis’s 2024 Bitcoin Act, which suggested that the Federal Reserve and the Treasury Department purchase 200,000 Bitcoins annually over five years, totalling one million Bitcoins—approximately 5% of the global Bitcoin supply.
Trump’s favourable stance toward Bitcoin has already influenced market dynamics. Following his election victory, Bitcoin’s price surged above $100,000, reflecting increased investor confidence in the cryptocurrency’s future under his administration.
The Bitcoin reserve is expected to have significant implications for the cryptocurrency market and the broader financial landscape. By integrating Bitcoin into national reserves, the US could signal a shift toward embracing digital assets as part of its economic strategy, potentially influencing global adoption and regulatory approaches.
As the new administration prepares to take office, the proposed executive order to create a Bitcoin reserve will be closely watched by financial markets, policymakers, and the global cryptocurrency community.
