Catenaa, Wednesday, February 05, 2025 – President Donald Trump signed an executive order Monday to establish the United States’ first sovereign wealth fund, directing the Treasury and Commerce departments to develop a plan within 90 days, reports said.
The move has sparked speculation about potential Bitcoin acquisitions.
“We have tremendous potential,” Trump said during the signing ceremony in the Oval Office.
“I think in a short period of time, we’d have one of the biggest funds.”
While details on the fund’s structure remain unclear, Trump stated it would be financed through tariffs and other financial streams.
The announcement follows his recent comments about considering a federal Bitcoin stockpile, fueling optimism among cryptocurrency advocates.
Bitcoin supporter Sen. Cynthia Lummis called the move a “big deal,” hinting that it could serve as a precursor to government-held Bitcoin reserves.
Though cryptocurrency was not explicitly mentioned in the executive order, analysts suggest the fund could provide a vehicle for digital asset investments.
Sovereign wealth funds worldwide, including Norway’s $1.4 trillion fund, have increased exposure to Bitcoin.
According to K33 Research, Norway’s fund now holds 3,821 BTC, reflecting a 153% annual increase. Abu Dhabi’s sovereign wealth fund has also been investing in digital assets.
The US joins nations such as China and Saudi Arabia, which use sovereign funds to invest in infrastructure, technology, and strategic assets.
Trump has suggested that TikTok could be among the fund’s initial acquisitions, citing economic and national security concerns.
