The U.S. Strategic Bitcoin Reserve was established by a March 6, 2025 executive order that governs government-held Bitcoin and authorizes the Treasury and Commerce secretaries to explore budget-neutral acquisition strategies. Bitget CEO Gracy Chen said the order limits the reserve to Bitcoin obtained through criminal and civil forfeiture, with no funds committed and no open-market purchases planned. U.S. Treasury Secretary Scott Bessent has expressed support for the strategy, but no purchase amount, schedule or mechanism has been announced, leaving the initiative largely symbolic for now. The reserve is initially funded with Bitcoin finally forfeited through criminal or civil asset-forfeiture proceedings or received to satisfy certain civil money penalties, and Bitcoin transferred to it cannot be sold, subject to applicable law. A separate United States Digital Asset Stockpile covers other government-held digital assets and generally cannot be expanded beyond forfeited assets without further executive or legislative action. The policy has fueled debate about potential government demand, while ARK Invest’s 2030 scenarios cited by TheStreet include a base case near $730,000 to $750,000 and a $1.5 million bull case tied to institutional adoption, Bitcoin’s fixed supply and its role as a digital store of value. Bitcoin was trading above $75,000 at the time of writing after falling below $65,000 four days earlier, compared with roughly $35,000 four years earlier and $126,000 in October 2025; those figures do not establish a future price outcome.