TechFlow reports on December 16, according to Bitcoin.com, Strike CEO Jack Mallers revealed on the Timcast show that Trump plans to establish a U.S. strategic bitcoin reserve via executive order on his first day in office. Mallers stated that, based on the broad authority granted to the president by the Dollar Stability Act to protect the dollar, Trump's team is considering an executive order to create a reserve that would be "significant but less than one million bitcoins."
Previously, Senator Cynthia Lummis' proposed "Bitcoin Act of 2024" recommended that the Federal Reserve and Treasury purchase 200,000 bitcoins annually over five years, accumulating a total holding of one million bitcoins—approximately 5% of global bitcoin supply. Last week, Trump himself expressed optimism at the NYSE bell-ringing event with CNBC, saying "we will do great things in cryptocurrency," and voiced support for establishing a bitcoin reserve similar to the strategic petroleum reserve.
