U.S. President Donald Trump signed an executive order on Thursday to establish a strategic bitcoin reserve, a day before meeting with executives from the cryptocurrency industry at the White House.

The first-of-its-kind reserve would be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars, the White House’s crypto czar said.

President Donald Trump is set to announce the creation of a U.S. strategic Bitcoin reserve at the White House crypto summit on Friday, according to Commerce Secretary Howard Lutnick.

Trump announces plans for a U.S. strategic crypto reserve including five major cryptocurrencies, causing immediate price surges across the digital asset market.

President Donald Trump's announced a US crypto reserve of bitcoin, ether, XRP, sol, and ada. This is what they could achieve and how it might work.

As about two dozen crypto-industry executives head to the White House for a summit on Friday, President Donald Trump has a gift ready for them: An executive order calling for the creation of a Strategic Bitcoin Reserve and a separate stockpile of other digital assets.

The U.S.’s stockpile will favor bitcoin and won’t include purchases that cost taxpayers money, the Trump administration says.

Trump's order establishes a government reserve of bitcoin, a key marker in the cryptocurrency's journey towards mainstream acceptance.

President Donald Trump established a Strategic Bitcoin Reserve through an executive order, according to an X post by David Sacks, the White House czar for AI and cryptocurrency.

President Donald Trump promised Bitcoiners a strategic reserve during his appearance at a crypto conference in July.