The United States government will soon reveal how much Bitcoin and other cryptocurrencies it owns. This news comes from an executive order signed by President Donald Trump on March 6. The order tells federal agencies to report their crypto holdings to the U.S. Department of the Treasury by April 5. This deadline is part of a new plan to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile. These will hold Bitcoin and other digital currencies the government has taken through criminal and civil forfeitures.
The Strategic Bitcoin Reserve will work like a digital Fort Knox. It will store Bitcoin long-term instead of selling it. The idea is to treat Bitcoin as a valuable asset the government should keep. The Treasury Secretary has also been told to set up two new offices to manage and protect these crypto assets.
The government’s full audit of its Bitcoin holdings could affect the price of Bitcoin. Some experts believe this could explain recent Bitcoin price movements. David Bailey, the CEO of BTC Inc, is an advisor to President Trump. He said the audit will happen on April 5 and that the results may help answer questions about Bitcoin’s price. He said on social media that he expects the audit to be finished soon and that the public will likely hear the results quickly. Bailey also said he believes the government might hold less Bitcoin than people think, but that everything happening now is bullish for Bitcoin.
There has been a lot of talk about how much Bitcoin the U.S. government actually owns. Senator Cynthia Lummis from Wyoming said the government might have sold a lot of Bitcoin before President Trump took office. She spoke at the Digital Asset Summit on March 19. Lummis said they are trying to find out how much Bitcoin is still in U.S. custody. The government is looking into whether these assets were turned over fully and can be used for the Strategic Bitcoin Reserve.
Lummis said the United States used to hold over 200,000 Bitcoin through asset forfeiture. These are coins the government took from people or groups involved in illegal activity. But it’s not clear how much of that Bitcoin was sold before the change in administrations. This raises questions over how much Bitcoin the government actually has today.
Bo Hines is the Executive Director of the U.S. Presidential Council of Advisers for Digital Assets. He said the government once held around 400,000 Bitcoin but sold about half of it. He said the sale happened when Bitcoin prices were much lower than they are now. If the government had kept that Bitcoin, it would be worth $17 billion today. Hines said this shows how valuable Bitcoin has become and how it could be used to help the American people.
Hines also said building a digital Fort Knox is a top priority. He said the government wants to hold on to its Bitcoin and even increase its holdings. They want to do this without raising taxes or adding to the budget. A special working group is now looking for ways to grow the U.S. Bitcoin reserve in a budget-neutral way.
Right now, the price of Bitcoin is $84,282. The upcoming audit could affect this number depending on how much Bitcoin the government says it holds. Some investors think the price could go higher if the government holds more Bitcoin than expected. Others believe the price could drop if the audit shows fewer coins.
People in the crypto world are watching this event closely. They believe that the U.S. government’s Bitcoin strategy will shape how other countries treat digital assets. If the government builds a strong Bitcoin reserve, it may signal that Bitcoin is here to stay. It could also boost public trust in Bitcoin and help bring in more long-term investors.
There is also interest in how this move fits into broader cryptocurrency regulation. By keeping and managing a large supply of Bitcoin, the government is sending a message. It shows that Bitcoin has value and can be part of a national strategy. This is different from past years when the government mostly focused on regulation and crackdowns. Now, the focus is shifting toward using Bitcoin as a long-term asset.
The executive order from President Trump is part of this new direction. It not only asks for a full audit of all federal crypto holdings but also creates new structures to manage these digital assets. This includes forming offices to watch over the Strategic Bitcoin Reserve and Digital Asset Stockpile. These moves show that the government is taking Bitcoin and other cryptocurrencies seriously.
Senator Lummis and Bo Hines both support this plan. They want the government to be smart about its digital asset policy. They also want to make sure that past mistakes, like selling Bitcoin too early, don’t happen again. The hope is that with better planning, the U.S. can build a strong Bitcoin reserve and use it to help the economy.
As the April 5 deadline approaches, questions over U.S. Bitcoin holdings are growing. People want to know how much Bitcoin the government has, where it came from, and what will happen next. The answers could affect not just the price of Bitcoin, but also the future of cryptocurrency in the United States.
The Strategic Bitcoin Reserve could become a model for other countries. If it works, other governments might also build their own Bitcoin stockpiles. This could change how nations think about Bitcoin and its role in the global economy.
For now, all eyes are on the audit. The results will give a better picture of how much Bitcoin the U.S. holds and how it plans to use it. The government’s decision to keep or grow its reserve could push Bitcoin into a new phase—one where digital assets play a bigger role in national policy.
With the government stepping into crypto in a bigger way, the future of Bitcoin in the United States looks more serious. The full audit and new strategies might also help settle debates about the role of digital currencies. Whether it holds 200,000 Bitcoin or more, the U.S. is clearly thinking long-term. And in the world of cryptocurrency, that’s a big deal.
