Key takeout
- The federal agency will report its crypto holdings to the Treasury Secretary tomorrow.
- The US government currently holds 198,012 Bitcoin worth approximately $16 billion.
The federal agency has a Monday deadline to report Bitcoin and crypto holdings to Treasury Secretary Scott Bescent, a White House official Confirmed Today with journalist Eleanor Terrett.
The report is part of President Trump's March 6th executive order Establishing a strategic Bitcoin reserve Stockpiling digital assets.
Presidential Order detailed on March 11th The Presidential Document requires all federal agencies to disclose their Bitcoin and digital asset holdings to the Treasury within 30 days.
Given that the order does not require the publication of the findings, it is still unclear whether the results will be published.
The Treasury Secretary will oversee two new offices that manage the government's digital assets. Designed as a “Digital Fort Knox”, the Strategic Bitcoin Reserve holds Bitcoin obtained through criminal or civil confiscation and maintains these holdings for the long term without selling them.
Similar to Bitcoin Reserve, assets in digital asset stockpiles are only acquired through criminal or civil confiscation. However, the Treasury's ability to settle these assets for active management distinguishes it from Bitcoin Reserve.
Previously Trump It was mentioned As part of his proposed crypto stockpile, Ethereum, XRP, Solana and Cardano.
But both White House crypto emperor David Sachs and Trump's top crypto advisor Bo Hines revealed that the mention reflects the president's. Recognizing these coins as readings Cryptocurrency assets based on market capitalization.
Based on data The US government, tracked by Arkham Intelligence, currently holds over $15 billion in one wallet, with 198,012 bitcoins.
Apart from Bitcoin, the government also owns ETH, WBTC, BNB, TRX, and more. Altcoin holds valued at approximately $380 million.
Sacks revealed that the government previously owned around 400,000 Bitcoin over the past decade due to confiscation, but sold 195,000 BTC with revenue of $366 million.
Bitcoin prices have fallen from $77,800, down around $94,000, amid concerns over trade war and recession. In the case of Coingecko.
