U.S. Strategic Bitcoin Reserve, Crypto Stockpile a 'Pivotal Moment' for Industry: KBW
Bitcoin is the real winner as it is exclusively being treated as a reserve asset, the report said.

What to know:
- The executive order calling for the formation of a strategic bitcoin reserve and digital asset stockpile is a pivotal moment for the crypto industry, the report said.
- KBW said bitcoin is being exclusively treated as a reserve asset.
- The government could form partnerships with U.S. miners to receive bitcoin royalties in exchange for tax breaks.
President Trump's executive order calling for the formation of a strategic bitcoin
The President directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the government. He also called for a stockpile of other types of digital assets.
KBW noted that the "world's largest superpower has embraced several leading blockchain protocols."
Bitcoin is the real winner here, as it is being exclusively treated as a reserve asset, the report said. No bitcoin will be sold and the government is also looking at options to buy more of the cryptocurrency.
KBW estimates that the government holds about 198,000 bitcoin. It noted that roughly 55% of this stack will be returned to Bitfinex, leaving a balance of around 86,000 tokens.
No details were given about how the government plans to accumulate bitcoin, but it could sell some of its more than $800 billion in gold reserves to fund additional purchases of the crypto, KBW said.
The issuance of U.S. Treasury Bitbonds is another option, the bank said. These are treasury bonds that include a bitcoin "kicker," and could lower the government's borrowing costs.
The government could also form partnerships with miners in the U.S. to receive bitcoin royalties in exchange for tax breaks or incentives, the report added.
More For You
Protocol Research: GoPlus Security

What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb

The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.











