Federal agencies have been ordered to disclose their Bitcoin and digital asset holdings by Monday, following a recent executive move by President Trump aimed at creating a Strategic Bitcoin Reserve and a digital asset management infrastructure.
Trump’s Executive Order Ushers in a New Crypto Era for the U.S. Government
The requirement stems from an executive order signed by President Trump on March 6, which was detailed in a formal presidential document dated March 11. This mandate gives all federal departments 30 days to report their crypto asset holdings directly to Treasury Secretary Scott Bessent. A White House official confirmed the report deadline with journalist Eleanor Terrett.
This move marks a significant step in formalizing the U.S. government’s involvement in digital assets, but it remains unclear whether these disclosures will be made public. The executive order does not compel transparency to the general public, leaving the scope of future revelations uncertain.
Two New Government Offices to Manage Crypto Assets
As part of the order, the Treasury Department will manage two newly created offices that focus on digital assets. The Strategic Bitcoin Reserve, referred to by insiders as a “digital Fort Knox,” will store Bitcoin seized through criminal or civil forfeitures. This reserve is designed for long-term holding and is not intended to be actively traded or liquidated.
A second arm, the Digital Asset Stockpile, will operate similarly by acquiring assets through forfeitures. However, the Treasury is allowed to manage and liquidate these assets more flexibly. This active management differentiates it from the more conservative Bitcoin reserve.
President Trump has also previously mentioned Ethereum, XRP, Solana, and Cardano in the context of this stockpile. According to White House crypto tsar David Sacks and top advisor Bo Hines, these mentions reflect Trump’s awareness of their significance due to their market caps, rather than any indication of planned acquisitions.
Current Holdings: Bitcoin and Beyond
According to blockchain analytics platform Arkham Intelligence, the U.S. government currently holds 198,012 BTC in a single wallet—an amount worth over $15 billion. Alongside this large Bitcoin holding, the government also possesses other digital assets including ETH, WBTC, BNB, and TRX. The estimated value of these altcoin holdings stands at around $380 million.
David Sacks shared additional historical context, revealing that the government has previously held approximately 400,000 Bitcoin acquired over the last ten years through various forfeitures. Of that amount, around 195,000 BTC were sold, yielding about $366 million in proceeds.
Bitcoin’s Price Faces Pressure Amid Economic Concerns
Since the formation of the Strategic Bitcoin Reserve, Bitcoin’s price has seen a sharp decline. After reaching a high of over $94,000, the flagship cryptocurrency has dropped by roughly 17%, currently sitting at $77,800 according to CoinGecko. This downturn aligns with growing investor anxiety around recession risks and ongoing trade war developments.
