• The US government is expected to wrap up its Bitcoin holdings audit by April 5.
• The Strategic Bitcoin Reserve is all about storing value for the long run.
• Despite the reserve announcement, Bitcoin’s price actually dipped by 10%.

Get ready, because this Saturday, the US government is set to finalize a comprehensive audit of its Bitcoin stash! This audit will be the first-ever complete look at all the Bitcoin held across federal agencies, a move prompted by a directive from President Trump. By April 5, we’re expecting the Treasury Department and other federal agencies to publicly disclose just how much Bitcoin and other cryptocurrencies they are holding.

Audit of Bitcoin Holdings: Unveiling the Crypto Stockpile

Following President Trump’s executive order back on March 6, the government is now officially required to report all of its digital asset holdings. This order also formally established the Strategic Bitcoin Reserve and a Digital Asset Stockpile, which will serve as a vault for Bitcoin acquired through criminal and civil forfeitures. The goal here is to build a long-term reserve, kind of like a “digital Fort Knox” for the nation.

According to a presidential document, federal agencies have been instructed to submit detailed reports of their Bitcoin holdings to the Treasury Secretary within 30 days of the order. The Treasury is also tasked with creating two brand new offices to specifically manage these digital assets. And it’s not just about Bitcoin – this effort will also cover assets like XRP, Solana, and Cardano. We’ll soon get more clarity on exactly how these assets will be included in the national digital stockpile.

Government Bitcoin Holdings: How Big is the Stash and What About the Price?

Currently, the US government’s Bitcoin holdings are pretty substantial, sitting at 198,012 BTC, which is valued at roughly $16 billion! This impressive amount comes largely from Bitcoin seized through asset forfeitures over the last decade. Interestingly, the government has previously sold off a significant portion of its crypto holdings – about 195,000 BTC were sold in the past, generating $366 million.

Even with the plan to create a strategic Bitcoin reserve, the price of Bitcoin has seen some ups and downs. Since the announcement of this strategic move, Bitcoin’s price has actually dropped by around 10%, falling from over $92,000 to about $82,000. Various global economic factors might be contributing to this fluctuation, including the recent trade tensions and concerns about potential economic slowdowns.

Looking Ahead: What’s the Future of Bitcoin in Government Reserves?

David Bailey, CEO of BTC Inc, has pointed out that the findings of this audit could provide valuable insights into recent Bitcoin price movements. The US government’s decision to hold onto Bitcoin within the Strategic Bitcoin Reserve could have a real impact on the future value of this digital asset. The aim of the reserve is to maintain these assets as a long-term store of value, with no plans to sell off any of the Bitcoin.

The release of the audit results, along with the 공개 ledger, promises to give us a much clearer picture of the government’s overall stance on digital assets. It’s also expected to reveal the government’s strategy for managing and incorporating digital currencies like XRP, Solana, and Cardano, among others, within the national stockpile.