By Saturday, all U.S. agencies are required to audit their digital currency holdings in accordance with President Trump‘s March 6 executive order “establishing a Bitcoin reserve and digital asset stockpile.”
“Within 30 days of the effective date of this order, the head of each agency shall submit to the Secretary of the Treasury and the President’s Task Force on Digital Currency Markets a complete accounting of all government digital assets held by that agency,” the order states.
U.S. agencies must report digital currency holdings by April 5.
The order also requires all agencies to report “all information” regarding the accounts holding the digital currencies to facilitate the seamless transfer of the assets to the Strategic Bitcoin Reserve, or the United States Digital Asset Stockpile.
In addition, within this timeframe, each agency will review its authority to transfer government-owned BTC and digital currencies to the SBR and the Digital Asset Stockpile, respectively, and report the results of this review to the Secretary of the Treasury.
To date, there is no public report on the amount of Bitcoin and other reserve assets held by each agency. One possible explanation for this could be that the Treasury Department has or already has this data and will provide a joint public report in due course.
Review to End Uncertainty About the Amount of Government Digital Currency
With approximately 207,000 BTC, the United States is known to be the largest holder of Bitcoin among nations. However, Senator Cynthia Lummis of Wyoming believes it is possible that the Biden administration sold some Bitcoin before President Trump took office.
“We are trying to determine how many Bitcoins and whether they have fully transferred into U.S. custody,” Lummis said during Bitcoin Investor Week 2025 in New York. “We think this could be the basis for the first annual installment of a strategic Bitcoin reserve.”
Lummis acknowledged that the US “held 200,000 Bitcoin in confiscated assets,” but was skeptical about how much of it was sold by the last administration. The “Bitcoin Senator” said he had contacted the US Marshall Service and Attorney General Pam Bondi for more information.
Crypto Czar David Sacks also said, “We believe” that 200,000 BTC are in the federal government’s possession, and that “no one really knows for sure” because there has never been a proper audit of the cryptocurrency.
The US has reportedly sold about 200,000 of its confiscated BTC over the years, which, according to Bo Hines, executive director of the Presidential Digital Asset Council, would be worth $17 billion today.
As the Minister of Finance prepares to present the results of the digital currency review as a precursor to the establishment of a Bitcoin reserve and a stockpile of digital assets, the Bitcoin price has fluctuated below $90,000 for the past three weeks and is currently at $86,360.
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