Federal agencies have until Monday to report the amount of Bitcoin and
crypto assets they hold to Treasury Secretary Scott Bessent, according to
confirmation from a White House official to journalist Eleanor Terrett
today.
This reporting requirement is part of President Trump's executive order
issued on March 6, which established the Strategic Bitcoin Reserve Fund and
the Digital Asset Vault.
The executive order, detailed in a presidential memo on March 11, requires
all federal agencies to disclose the amount of Bitcoin and digital assets
they hold to the Treasury Secretary within 30 days.
It remains unclear whether the results of these disclosures will be made
public, as the order does not mandate the findings to be released.
The Treasury Secretary will oversee two new offices managing the
government’s digital assets. The Strategic Bitcoin Reserve Fund — designed
as a “digital Fort Knox” — will store Bitcoin obtained through criminal or
civil asset forfeitures and will maintain these holdings long-term without
selling them.
Assets held in the Digital Asset Vault, similar to those in the Bitcoin
Reserve, will also be acquired only through asset forfeitures. However, the
Treasury's ability to liquidate these assets for active management sets them
apart from the Bitcoin Reserve Fund.
Trump has previously mentioned Ethereum, XRP, Solana, and Cardano as part
of the digital asset vault he proposed.
However, both David Sacks — the White House’s crypto official — and Bo
Hines, Trump’s senior crypto advisor, clarified that these mentions reflect
the president’s acknowledgment of these tokens as leading crypto assets by
market cap.
According to Arkham Intelligence, the U.S. government currently holds
198,012 BTC — worth over $15 billion — in a single wallet.
In addition to Bitcoin, the government also owns ETH, WBTC, BNB, and TRX,
with altcoin holdings valued at approximately $380 million.
Sacks revealed the government previously held around 400,000 BTC via asset
seizures over the past decade but has sold 195,000 BTC, generating $366
million in proceeds.
Bitcoin’s price has dropped about 17% since the reserve fund was
established, falling from over $94,000 to $77,800 amid growing concerns over
a trade war and economic recession, according to CoinGecko.
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