The first-of-its-kind reserve will be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars.

The Trump White House recently announced a project that the crypto industry loves, skeptics hate, and that most people, reasonably, don’t really care about: a “bitcoin strategic reserve.”

While some in the crypto community welcomed the announcement, others expressed disappointment as Bitcoin's price dropped more than 5% upon learning that the reserve would not

President Donald Trump announced plans to form the United States’ first strategic cryptocurrency reserve (SCR). Trump shared the news on his social media platform Truth Social, stating that the reserve will include Bitcoin,

The reserve will hold cryptocurrency forfeited to the government in criminal or civil proceedings, said the White House.

President Trump is pushing for a cryptocurrency reserve, and digital currency enthusiasts are hopeful. But critics are still wary of the speculative tender.

Bitcoin fell on Monday as volatility in the price of the world's largest cryptocurrency continues following an executive order signed by President Donald Trump to create a strategic bitcoin reserve for the United States.

Bitcoin saw a significant decline on Monday as price volatility persisted following President Donald Trump's executive order to establish a strategic Bitcoin reserve for the United States. The world's largest cryptocurrency fell over 6.