U.S. Government Confirms Bitcoin-Only Reserve, Excludes Ethereum, XRP, and Altcoins

Bitcoin Ethereum

U.S. Government Confirms Bitcoin-Only Reserve, Excludes Ethereum, XRP, and Altcoins

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Peter Schiff has confirmed that the U.S. government will not be purchasing Ethereum (ETH), XRP, Cardano (ADA), or Solana (SOL) for its crypto holdings. Instead, the newly established Strategic Bitcoin Reserve (SBR) will hold only seized Bitcoin (BTC), reinforcing its position as the dominant digital asset. While the executive order signed today allows room for potential Bitcoin purchases, these would likely require approval from Congress.

Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.

The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it…

— David Sacks (@davidsacks47) March 7, 2025

No Crypto Reserve for Altcoins

Earlier reports had suggested that a government-backed crypto reserve might include XRP, ADA, SOL, and ETH, leading to a surge in their prices. However, the latest update clarifies that the U.S. government has created a separate Digital Asset Stockpile for these altcoins, but it will not be making any additional purchases. This stockpile will only contain assets seized through legal actions and will be managed by the Treasury.

Depending on regulations, these tokens may either be held or sold, but the government will not actively add to them.

Bitcoin Gets a Dedicated Strategic Reserve

Bitcoin, in contrast, will have its own Strategic Bitcoin Reserve (SBR), further reinforcing its importance in government holdings. An audit set to take place within 30 days will disclose the total amount of cryptocurrency the government owns and how these assets will be categorized. The move highlights Bitcoins priority over other digital assets.

No New Acquisitions!

Schiff clarified that the government will not be buying additional cryptocurrencies. Any XRP, ADA, SOL, or ETH in the Digital Asset Stockpile will come solely from past forfeitures. This means no new assets will be added unless they are seized in future legal cases.

Meanwhile, blockchain data from Arkham Intelligence confirms that the U.S. government currently owns zero XRP, SOL, or ADA. This contradicts earlier speculation that a broader crypto reserve was being established. However, some analysts, including Moon Lambo, believe the government might hold small amounts of these assets from lesser-known seizures, but if so, the holdings are likely insignificant.

The United States could own a bit of all of those coins right now from forfeitures that we‘re unaware of. There may be court cases that weren’t highly publicized that we havent heard about.

Even if so, I suspect the amounts of these coins held will be pretty miniscule.

— Moon Lambo (@MoonLamboio) March 7, 2025

What Does the Government Currently Hold？

Right now, the U.S. government holds around 200,000 BTC, obtained through various legal seizures. While Bitcoin remains the primary focus, the government also has approximately $176 million worth of ETH and $27 million worth of BNB. However, no XRP, ADA, or SOL have been confiscated, raising questions about why they were included in the stockpile designation.

• Trump‘s Plan to Buy Bitcoin For Its Reserve: Here’s How the US Might Do It!
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So, Where Does This Leave Bitcoin？

The crypto community, particularly Bitcoin supporters, has welcomed the government‘s decision, as it further separates BTC from other cryptocurrencies. This move strengthens Bitcoin’s reputation as “digital gold” and solidifies its role as a strategic asset. However, investors who had speculated that major altcoins would be included have been left disappointed.

The governments stance on cryptocurrency is still a major topic of interest. The market will be watching closely to see if Bitcoin purchases receive approval and how the Digital Asset Stockpile will be handled.

While Bitcoins dominance in government holdings is clear, the future of seized altcoins remains uncertain.