U.S. Requires Federal Agencies to Disclose Bitcoin and Cryptocurrency Holdings
U.S. federal agencies have until next Monday to report their holdings of Bitcoin and other digital assets to Treasury Secretary Scott Bessent, a White House official confirmed to journalist Eleanor Terrett.
This measure is part of the executive order signed by President Donald Trump on March 6, which establishes the Strategic Reserve of Bitcoin and a Stockpile of Digital Assets. According to a presidential document dated March 11, all agencies must submit their reports within 30 days.
Will the Results Be Made Public?
It is not yet clear whether these reports will be made public, as the order does not require transparency in the findings. However, it is known that the Secretary of the Treasury will oversee two new offices responsible for managing the digital assets in the government’s possession:
- Strategic Bitcoin Reserve: A “digital Fort Knox” that will hold Bitcoin obtained through civil or criminal forfeitures, with the intention of retaining these holdings for the long term without selling.
- Digital Asset Hoarding: Similar to the Bitcoin reserve, but with the possibility of liquidating the assets when necessary for active management.
Cryptocurrencies on the Government’s Radar
Trump has repeatedly mentioned Ethereum, XRP, Solana, and Cardano as part of his proposal to stockpile cryptocurrencies. However, White House crypto czar David Sacks and Trump’s senior crypto advisor Bo Hines clarified that these mentions only reflect their importance in terms of market capitalization.
Currently, according to data from Arkham Intelligence, the U.S. government owns:
- 198,012 BTC valued at approximately $16 billion
- Other cryptocurrencies such as ETH, WBTC, BNB, and TRX, with a total value of $380 million in altcoins
In the last decade, the U.S. came to possess up to 400,000 BTC through seizures, but sold 195,000 BTC for $366 million in revenue.
Since the reserve was created, the price of Bitcoin has fallen by around 17%, from over $94,000 to $77,800, amid fears of a trade war and the risk of recession, according to data from CoinGecko.