If Donald Trump has issued an executive order or his Administration takes an executive action (including signing a bill into law) creating a “Strategic Bitcoin Reserve,” “National Bitcoin Reserve,” or any other formal government-held stockpile of Bitcoin after Issuance and before Jan 1, 2027, then the market resolves to Yes. For example, if the U.S. government established a program or body that is equivalent to the Strategic Petroleum Reserve for Bitcoin, or the United States Bullion Depository for Bitcoin, or if Bitcoin was held in the reserves of the U.S. Department of the Treasury like its foreign exchange and SDR holdings, then the Payout Criterion would be fulfilled. This would not include merely Bitcoin confiscated pursuant to criminal or civil enforcement proceedings. The market will close and expire early if the event occurs.