President Donald Trump established a Strategic Bitcoin Reserve through an executive order, according to an X post by David Sacks, the White House czar for AI and cryptocurrency.

As about two dozen crypto-industry executives head to the White House for a summit on Friday, President Donald Trump has a gift ready for them: An executive order calling for the creation of a Strategic Bitcoin Reserve and a separate stockpile of other digital assets.

Bitcoin fell after President Donald Trump signed an executive order Thursday evening to establish a strategic bitcoin reserve and a separate digital-asset stockpile for cryptocurrencies other than bitcoin,