White House Official Confirms Federal Crypto Holdings Report Due Tomorrow

By Vivian Nguyen
April 7, 2025

A White House official has announced that federal agencies must report their Bitcoin and cryptocurrency holdings by tomorrow, following a directive from President Trump’s executive order. This report is part of a strategic initiative to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile, aimed at managing and overseeing the government’s digital asset holdings.

Reporting Deadline Mandated

The deadline for federal agencies to disclose their Bitcoin and crypto holdings is set for April 8, 2025. Scott Bessent, the U.S. Treasury Secretary, will be the recipient of these disclosures, which are crucial for the administration’s broader strategy regarding the nation’s assets in digital currencies.

The directive stems from an executive order signed by President Trump on March 6, which outlines the establishment of a "digital Fort Knox" for Bitcoin through the creation of the Strategic Bitcoin Reserve. According to the order, all agencies are required to provide an inventory of their digital asset holdings within 30 days.

Nature of the Holdings

While reports will be submitted to the Treasury Secretary, it remains uncertain whether this information will be made public. The executive order does not explicitly mandate public disclosure, leaving open the possibility of private internal audits instead.

Currently, the U.S. government holds approximately 198,012 Bitcoin, valued at around $16 billion, in a single wallet. Additionally, reports indicate that the government possesses other cryptocurrencies, including Ethereum (ETH), Wrapped Bitcoin (WBTC), Binance Coin (BNB), and TRON (TRX), collectively worth approximately $380 million.

Strategic Measures

The Strategic Bitcoin Reserve will primarily consist of Bitcoin acquired through criminal or civil forfeiture, aimed at long-term asset management without the intent to sell. Conversely, assets in the Digital Asset Stockpile may be liquidated for active management, though these will also be sourced through similar forfeiture processes.

Furthermore, Trump has previously indicated interest in various other cryptocurrencies such as Ethereum, XRP, Solana, and Cardano, acknowledging them as significant players in the market.

Historical Context

According to David Sacks, the White House’s crypto advisor, the U.S. government has managed to acquire around 400,000 Bitcoin over the past decade through forfeitures. However, approximately 195,000 Bitcoin were sold, realizing proceeds of $366 million, showcasing a complex approach to managing these evolving digital assets.

Despite the potential for asset appreciation, Bitcoin’s market value has seen a decline of around 17% since the announcement of the Strategic Bitcoin Reserve, with prices dropping from over $94,000 to approximately $77,800 amid ongoing economic concerns, including trade disputes and recession fears.

As the deadline approaches for these disclosures, the implications of the government’s stance on digital assets continue to unfold, signaling an important moment in the intersection of governance and cryptocurrency regulation.

Note: The information presented in this article reflects developments as of April 2025 and is subject to changes based on future disclosures and market conditions.

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