The US Department of the Treasury and federal agencies will disclose their crypto holdings on April 5, as required by a presidential directive.
The announcement follows a recent executive order issued by President Trump to form a Strategic Bitcoin Reserve and a Digital Asset Stockpile.
US Treasury To Reveal Crypto Holdings
The order instructed all federal agencies to report their Bitcoin and digital asset holdings within thirty days of its publication.
The directive also seeks to clarify whether assets like XRP, Solana, and Cardano are part of the national digital asset stockpile. This move signals a strong effort to bring transparency to government-held digital assets.
Details of the Directive
On March 6, President Trump issued an executive order to create a Strategic Bitcoin Reserve. A document published on March 11 mandated that every federal agency report its digital asset holdings within a set deadline.
The disclosure is expected to reveal holdings of Bitcoin along with other major cryptocurrencies that the government has acquired over time.
The announcement has raised many questions among industry experts and investors alike. Federal agencies are now preparing detailed reports to meet the administration’s requirements.
What Does This Mean?
The disclosure of crypto holdings will provide insight into the government’s overall position in digital currencies. This move will help clarify the government’s strategy regarding the long-term storage of digital assets.
The process will expose the scale of federal participation in the crypto market and reveal its management of digital funds.
Analysts expect that the data may affect market perceptions of government confidence in cryptocurrencies. The audit results might also influence future policy decisions within the digital asset sector.
Government Reserve and Management
The Treasury Secretary has been directed to establish two offices to oversee government-held digital assets. The Strategic Bitcoin Reserve is designed to store Bitcoin acquired through civil or criminal forfeiture.
This reserve will not be used for selling Bitcoin but will act as a “digital Fort Knox” for long-term value preservation. The new offices will manage all aspects of the government’s digital asset operations with a focus on safety and transparency.
Officials believe these measures will bolster public trust in the federal management of digital currencies.
Market Impact and Expert Views
David Bailey, the CEO of BTC Inc., mentioned that the audit results could help explain recent price fluctuations in Bitcoin. Market experts are watching closely, as the report might influence future investor sentiment in the crypto space.
Arkham Intelligence data shows that the US government currently holds 198,012 Bitcoins valued at approximately $16 billion.
Such significant holdings underscore the importance of transparent government reporting on digital assets. Many industry analysts expect this disclosure to spark further regulatory discussions in the coming months.
The planned disclosure emphasizes the administration’s commitment to clear and open reporting practices regarding digital assets. The federal report is anticipated to guide future policy and shape public opinion about government-held cryptocurrencies.
Also Read: US Strategic Bitcoin Reserve Will Involve Buying $BTC, Not Just Seized Assets, Says Jan3 CEO