“The United States will not sell Bitcoin from the strategic reserve,” the White House statement reads. President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a National Digital Asset Stockpile.

According to the document, the reserve will be replenished with Bitcoins confiscated by the U.S. Department of Treasury, while other agencies will consider transferring their crypto assets to the fund.

“With a fixed supply of 21 million coins, it is strategically important to be among the first nations to establish such a reserve,” the statement specifies.

The Departments of Treasury and Commerce have been instructed to develop budget-neutral strategies to increase Bitcoin reserves.

The sale of confiscated assets will apply only to other digital currencies held in the National Digital Asset Stockpile.

“Premature Bitcoin sales have already led to losses of $17 billion,” the White House stated.

Trump has repeatedly expressed his ambition to make the U.S. the “crypto capital of the world” and confirmed that the new policy is aimed at supporting digital assets.