SVB Ventures

SVB Ventures | Newsletter No. 19 🔸 Macro News ✔ Trump signed an executive order creating a Strategic Bitcoin Reserve President Donald Trump signed an executive order to establish a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile," both capitalized with cryptocurrency forfeited in government criminal cases. The Bitcoin reserve, described as a "digital Fort Knox," will use Bitcoin owned by the federal government, with no plans to sell any of it, serving as a store of value. The broader stockpile will include other cryptocurrencies obtained through forfeiture, with Treasury and Commerce developing budget-neutral strategies for acquiring more Bitcoin. The order also mandates a full accounting of the government's digital asset holdings, requiring agencies to provide details to the Treasury Secretary and a crypto working group established by Trump. This initiative aims to position the U.S. as a leader in government digital asset strategy, though ...