President Donald Trump established a Strategic Bitcoin Reserve through an executive order, according to an X post by David Sacks, the White House czar for AI and cryptocurrency.

That move comes just one day before President Trump will host the White House Crypto Summit on Friday. The company also announced Thursday that it was entering a “strategic reserve deal” with layer-1 blockchain project SUI,

Charles Hoskinson was excluded from the White House Crypto Summit despite President Trump's planned U.S. national crypto reserve including Cardano without his consultation.