It’s Been Over a Month Since Trump Signed an Executive Order to Create a Strategic Bitcoin Reserve

It’s been over a month since U.S. President Donald Trump signed a major executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile.

U.S. President Donald Trump's bold initiative to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile has certainly set the crypto world abuzz.

Now, with the 30-day deadline for federal agencies to report their Bitcoin and other cryptocurrency holdings to the Treasury Secretary having passed on April 5, curiosity and concern are mounting.

Here’s everything we know so far and what could come next.

The 30-Day Deadline Has Come and Gone

The executive order, signed on March 6, required all federal agencies to report their Bitcoin and other cryptocurrency holdings to the Treasury Secretary within 30 days.

This time period elapsed on April 5, and to date, no public update has been provided.

With 37 days having passed since the order, there is still no word from the Treasury Department. This delay has led to speculation and annoyance within the crypto community.

Building The U.S. Crypto Stockpile

The plan is to use digital assets seized in criminal and civil cases to build two strategic reserves—one for Bitcoin and another for other cryptocurrencies.

These assets include not just BTC, but also other tokens like XRP, Solana (SOL), and Cardano (ADA), which Trump previously mentioned in a statement announcing the executive order.

According to BitcoinTreasuries, the U.S. government currently holds about 198,012 BTC, valued at approximately $16.8 billion as of April 1.

Earlier in March, White House crypto advisor David Sacks estimated the total to be around 200,000 BTC. However, an official audit to confirm this number has yet to be released.

Time For Strategic Management

While the executive order permits the Treasury and Commerce Departments to explore methods for increasing Bitcoin holdings, it clearly stipulates that the U.S. will not be acquiring additional digital assets beyond those already seized.

Trump specifically highlighted that XRP, SOL, and ADA will be included in the government's crypto stockpile.

If agencies do confirm holdings in these tokens, it could have a significant impact on the market, potentially driving demand for the tokens and boosting investor confidence in the market.

However, broader market sentiment is also being affected by Trump's aggressive trade policies and the possibility of new global tariffs.

Despite a brief recovery on April 1, the total cryptocurrency market cap has decreased by 7% over the past week, now standing at $2.76 trillion.

All Eyes On The Treasury

As time ticks by, the crypto world continues to watch eagerly, awaiting the Treasury’s report, which is now notably overdue.

With speculation running high, this upcoming disclosure could have a major influence on both the government’s crypto strategy and the market’s future movements.

In a market that's used to shifts taking place within a matter of minutes, 37 days of anticipation feels like an eternity.