Nigeria, March 7 -- President Donald Trump has signed an Executive Order to establish a Strategic Bitcoin Reserve, which will be funded with Bitcoin seized by the federal government in criminal and civil asset forfeiture cases.

This move ensures that taxpayers will not bear any cost for the reserve.

It is believed that the U.S. government holds around 200,000 Bitcoin, though no complete audit has ever been conducted.

The order mandates a full review of all digital assets in federal possession. Unlike previous cases where confiscated Bitcoin was sold, the government will now retain these assets as a long-term store of value, treating them as a digital equivalent of gold.

Past sales of Bitcoin by the U.S. government resulted in an estim...