President Donald Trump signed an executive order on Thursday creating a Strategic Bitcoin Reserve, marking a major shift in U.S. digital asset policy.

Additionally, the order establishes a U.S. Digital Asset Stockpile, managed by the Treasury Department, to hold other confiscated cryptocurrencies.

Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will oversee further policy development, with a focus on budget-neutral acquisition strategies for Bitcoin.

After the information was released, Bitcoin’s price dropped to 85,800 USD but then recovered to 87,246 USD, recording a 5% decrease in the past 24 hours.