The USA is to retain approximately 200,000 bitcoins that have already been seized in criminal cases and civil lawsuits, according to Trump's crypto chief David Sacks.
"The USA will not sell any bitcoins placed in reserve. They will be stored as a valuable asset", says Sacks on social media.
Bitcoin fell after the information that no cryptocurrency will be purchased for the reserve, but rather it is only about retaining the cryptocurrency seized in legal cases.
Establishing a bitcoin reserve was one of several crypto-related promises made by Trump during his election campaign last year.
Several cryptocurrencies, including bitcoin, have seen their exchange rates fall in recent times due to uncertainty about their value. The currencies increased sharply in connection with Trump's election victory.
