It has been nearly a month since U.S. President Donald Trump signed an executive order on March 6 to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile.
The order called for the creation of two strategic crypto reserves with digital assets seized by authorities as part of criminal or civil asset forfeiture proceedings.
As per the order, all federal agencies are required to disclose their holdings of Bitcoin and other cryptocurrencies to the Secretary of the Treasury within 30 days.
It means that the Treasury Department and other federal agencies of the U.S. government will disclose their digital asset holdings, including Bitcoin and other cryptocurrencies, to the Treasury Secretary on Apr. 5.
White House’s crypto czar David Sacks had estimated on March 6 that the U.S. government owns about 200,000 Bitcoin. But there has never been a complete audit.
To be precise, the U.S. government owns 198,012 Bitcoin worth $16.8 billion as of Apr. 1, as per BitcoinTreasuries.
While the Treasury and Commerce Secretaries are authorized to pursue budget-neutral strategies to acquire additional Bitcoin, the government will not acquire more digital assets for its Digital Asset Stockpile.
President Trump already mentioned in a Truth Social post on March 2 that XRP, SOL, and ADA will be part of the crypto stockpile.
If the federal agencies disclose the above-mentioned digital assets in their holdings to the Treasury Secretary, it could give a major boost to the fortunes of these cryptocurrencies.
While President Trump’s pro-crypto policy — the executive order, in particular — enthused the crypto markets, his pursuit of a global tariff war has dampened the spirit of both traditional and crypto markets.
While the crypto market rebounded on Apr. 1, its market cap has declined approximately 7% within the last seven days to $2.76 trillion.
