US President-elect Donald Trump is considering issuing an executive order to create a Strategic Bitcoin Reserve (SBR). The information came from Dennis Porter, founder of the Satoshi Act Fund, via X/Twitter. According to Porter’s statement, published on December 15, the plan involves using the US Treasury’s Exchange Stabilization Fund (ESF), which holds more than US$$ 200 billion in assets. This fund, traditionally reserved to stabilize financial markets in times of crisis, has played important roles during events such as the 2008 financial crisis and the COVID-19 pandemic. Porter stated that Trump will use the ESF to acquire Bitcoin, seeking to stabilize the dollar and strengthen the US’s strategic position in the global economy. Furthermore, he stressed the urgency of taking action before other nations take the lead in accumulating the digital asset.

Should Trump fail to move forward with the executive order, Porter indicated that his group intends to push for state legislation to push for the creation of strategic Bitcoin reserves at the local level.