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Cryptocurrency News Articles
US Treasury and Other Federal Agencies to Disclose Their Bitcoin and Other Crypto Asset Holdings on April 5
Apr 01, 2025 at 10:27 am
The US Department of the Treasury and other federal agencies are anticipated to disclose their holdings of Bitcoin and other crypto assets on April 5
The US Department of the Treasury and other federal agencies are expected to disclose their holdings of Bitcoin and other crypto assets on April 5, in line with President Trump’s recent directive to form a Strategic Bitcoin Reserve and a Digital Asset Stockpile.
The administration is anticipated to disclose the types and quantities of digital assets held by each agency, which will reveal whether the president’s initiative to diversify the national reserves has begun.
During a cabinet meeting on March 6, Trump announced his decision to form a Strategic Bitcoin Reserve and a Digital Asset Stockpile, aiming to convert a portion of the US government’s assets into Bitcoin and other digital assets.
“We're going to diversify the national reserves by investing a portion of government funds, and I'm talking about a portion, into bitcoin and other digital assets,” Trump said.
He explained that the move is intended to maintain the dollar’s strength and stability, adding that the government will no longer sell any of the bitcoins it acquires through criminal or civil forfeiture. Instead, it will be placed in a special reserve.
According to a presidential document published on March 11, all federal agencies must report their holdings of bitcoin and other digital assets to the Treasury Secretary within 30 days of the order.
The Treasury Secretary is also directed to establish two offices—the Strategic Bitcoin Reserve and the Digital Asset Stockpile. The Strategic Bitcoin Reserve will hold bitcoin and other digital assets acquired through criminal or civil forfeiture.
The president’s executive order positions the Strategic Bitcoin Reserve as a “digital Fort Knox” for long-term value storage, focusing on maximizing the value of forfeited assets rather than liquidating them.
The administration anticipates that the reported bitcoin and digital asset holdings will provide valuable insights into the government's existing engagement with these assets.
suggesting that the audit results could provide insights into bitcoin’s recent price movements.
Despite the announcement of a strategic bitcoin reserve, bitcoin volatility remained high and its price continued to decline, largely driven by trade war and recession concerns. Since the establishment of the reserve, bitcoin’s price has fallen around 10%, dropping from over $92,000 to $82,000.
“Depending on what we learn, might answer many of the open questions about the recent price action,” said Bailey.
According to data tracked by Arkham Intelligence, the US government currently holds 198,012 BTC, valued at approximately $16 billion.
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