According to Cryptobriefing, the US Treasury Department and other federal agencies are expected to disclose their holdings of Bitcoin and other cryptocurrency assets on April 5th, in compliance with President Trump's recent directives. It will soon be clarified whether the digital assets mentioned by Trump earlier, such as XRP, SOL, and ADA, will be included in the national digital asset reserve. BTC Inc's CEO David Bailey stated that the audit results may reveal the reasons behind Bitcoin's recent price trend.
On March 6th, Trump issued an executive order calling for the establishment of strategic Bitcoin reserves and digital asset reserves. According to a presidential document released on March 11th, all federal agencies must report their holdings of Bitcoin and other digital assets to the Secretary of the Treasury within 30 days of the order being issued. The Minister of Finance has also been instructed to establish two offices to manage digital assets held by the government. The strategic Bitcoin reserve will store Bitcoin obtained through criminal or civil confiscation and will not sell Bitcoin.
According to data tracked by Arkham Intelligence, the US government currently holds approximately 198012 bitcoins worth around $16 billion. White House cryptocurrency affairs chief David Sacks stated that the US government has seized approximately 400000 bitcoins through civil and criminal asset confiscation in the past decade. However, about half of them, 195000 bitcoins, have been sold for a profit of $366 million. If the government had kept all 400000 bitcoins at that time, their value would now exceed $17 billion.
