This move follows President Trump’s executive order of March 6th. It established a Strategic Bitcoin Reserve and a Digital Asset Stockpile.
A key question remains. Will Bitcoin, XRP, Solana, and Cardano be part of the government’s crypto stash? That answer should be coming soon.
U.S. Bitcoin Reserve: A Digital Fort Knox
According to a presidential document published on March 11, all federal agencies were given 30 days to report their digital asset holdings to the Treasury Secretary. Alongside this, the Treasury Secretary has been tasked with setting up two offices to oversee government-held crypto.
One of these new offices will manage the Strategic Bitcoin Reserve, which will hold Bitcoin obtained through criminal and civil forfeiture. Unlike previous government asset sales, this reserve will not sell Bitcoin. Instead, it will serve as a long-term store of value—essentially a digital Fort Knox.
Here are the largest US government crypto holdings.
It was revealed that they will be creating a Digital Asset Stockpile with the cryptocurrencies that they own.
Other than $SOL, $XRP, and $ADA, the altcoins on this list could also find their way into the reserve. pic.twitter.com/FMbi00w6H6
— Miles Deutscher (@milesdeutscher) March 9, 2025
David Bailey, CEO of BTC Inc., believes the upcoming disclosures could provide insight into Bitcoin’s recent price swings. Since the establishment of the reserve, Bitcoin’s price has dropped about 10%, falling from over $92,000 to around $82,000. Economic concerns, including trade war tensions and recession fears, have also played a role in the market’s volatility.
U.S. Missed Out on $17B Bitcoin Fortune
Currently, the US government holds approximately 198,012 BTC, valued at around $16.5 billion, according to Arkham Intelligence. However, that number could have been much higher. David Sacks, the White House’s crypto czar, stated that over the past decade, the government has held as much as 400,000 Bitcoin through forfeitures.
April 5th (this Saturday) the USA must complete a full audit of the nation’s bitcoin holdings. Depending on what we learn, might answer many of the open questions about the recent price action.
— David Bailey
$0.85mm/btc is the floor (@DavidFBailey) March 31, 2025
Unfortunately for Uncle Sam, roughly half of that—195,000 BTC—was sold off, bringing in just $366 million. Had the government held onto its entire stash, it would now be worth over $17 billion.
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