Establishing Bitcoin Strategic Reserve and US Digital Asset Inventory ——Official website of the United States government According to the powers granted to me as President by the Constitution and laws of the United States of America, I hereby order 1、 Background Bitcoin was the original cryptocurrency. The Bitcoin protocol permanently limits the total supply of Bitcoin (BTC) to 21 million and has never been hacked. Due to its scarcity and security, Bitcoin is often referred to as "digital gold". Due to the fixed supply of BTC, becoming one of the first countries to establish Bitcoin strategic reserves has a strategic advantage. The US government currently holds a large amount of BTC, but has not yet implemented a policy to maximize BTC's strategic position as a unique store of value in the global financial system. Just as it is in our national interest to thoughtfully manage the ownership and control of any other resource, our country must harness, rather than limit, the power of digital assets to promote our prosperity. 2、 Policy The policy of the United States is to establish a strategic reserve of Bitcoin. In addition, the US policy is to establish a US digital asset reserve as a secure account for orderly strategic management of other digital assets held by the US. 3、 Management The creation and management of Bitcoin strategic reserves and US digital asset inventory. (a) The Secretary of the Treasury shall establish an office to manage and maintain a custody account collectively referred to as the "Strategic Bitcoin Reserve" and capitalize all bitcoins held by the Treasury as part of criminal or civil asset confiscation proceedings, or as part of any civil fines imposed by any administrative department or agency (institution), ultimately resulting in confiscation and not subject to compliance with 31 America C. Requirement 9705 or release (government Bitcoin) in accordance with subsection (d) of this section. Within 30 days from the date of this order, each institution shall review its authority to transfer its government BTC holdings to the Bitcoin Strategic Reserve and submit a report to the Minister of Finance reflecting the review results. Government BTC deposited in the Bitcoin Strategic Reserve shall not be sold and shall be used as a reserve asset of the United States to achieve government goals in accordance with applicable laws. (b) The Secretary of the Treasury shall establish an office to manage and maintain control over custody accounts collectively referred to as the "U.S. Digital Asset Inventory," and to capitalize all digital assets owned by the Treasury, except BTC, that are ultimately confiscated as part of criminal or civil asset confiscation proceedings and do not require compliance with the requirements of Section 9705 of the United States Code or release under subsection (d) of this section (inventory assets). Within 30 days from the date of issuance of this order, each agency shall review its authority to transfer any inventory assets held to US digital asset inventory and submit a report reflecting the review results to the Secretary of the Treasury. The Secretary of the Treasury shall determine a responsible strategy for managing the inventory of digital assets in the United States in accordance with applicable laws. (c) The Secretary of the Treasury and the Secretary of Commerce should develop strategies to acquire more government BTC, provided that these strategies do not affect the budget and do not incur incremental costs for American taxpayers. However, without further administrative or legislative action, the US government shall not acquire additional inventory assets in criminal or civil asset confiscation proceedings or in the settlement of any civil fines imposed by any agency. (d) Government Digital Assets "refers to all government BTC and all inventory assets. The heads of each agency shall not sell or otherwise dispose of any government digital assets, unless it is related to the lawful exercise of the Secretary of the Treasury's powers and responsible management of US digital asset inventory under subsection (b) of this section, or as required by law under an order of a court of competent jurisdiction, or as determined by the Secretary of Justice or other relevant agency heads that government digital assets (or the proceeds of their sale or disposal) can and should: (i) Return to identifiable and verifiable victims of crime; (ii) Used for law enforcement actions; (iii) Fair sharing with national and local law enforcement partners; perhaps (iv) Released to meet the requirements of Title 31, Section 9705 of the United States Code, Title 28, Section 524 (c) of the United States Code, Title 18, Section 981 of the United States Code, or Title 21, Section 881 of the United States Code. (e) Within 60 days from the date of this order, the Secretary of the Treasury shall submit an assessment report on the legal and investment considerations for establishing and managing the Bitcoin Strategic Reserve and the US Digital Asset Reserve, including which accounts the Bitcoin Strategic Reserve and the US Digital Asset Reserve should be located in, and whether any legislation is needed to implement any aspect of this order or to properly manage and administer these accounts. 4、 Accounts Within 30 days from the date of this order, the heads of each agency shall provide the Secretary of the Treasury and the Presidential Digital Asset Market Working Group with a complete account of all government digital assets owned by the agency, including any information regarding the custodial accounts currently holding these government digital assets, which is necessary to facilitate the transfer of government digital assets to the Bitcoin Strategic Reserve or the US Digital Asset Reserve. If the institution does not hold government digital assets, it shall confirm this fact to the Secretary of the Treasury and the Presidential Digital Asset Market Working Group within 30 days from the date of this order. 5、 General provisions (a) Nothing in this command shall be construed as impairing or otherwise affecting: (i) The power granted by law to administrative departments or institutions or their responsible persons; perhaps (ii) The functions of the Director of the Office of Management and Budget in budget, administrative, or legislative proposals. (b) The execution of this order shall comply with applicable laws and be subject to the allocation of funds. (c) This order is not intended to and does not create any substantive or procedural rights or interests that may be enforced by law or in equity against the United States, its departments, agencies or entities, its officials, employees or agents, or any other person. the White House March 6th, 2025