Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
U.S. Government To Establish Bitcoin Reserve Today?

U.S. Government To Establish Bitcoin Reserve Today?

CryptotimesCryptotimes2025/04/06 05:00
By:Jahnu Jagtap

Donald Trump, the President of the United States of America officially signed an executive order on 06th March 2025. Reportedly, this bill was signed to officially establish a Bitcoin reserve strategic reserve and a digital asset stockpile. This has resulted in the crypto market experiencing a short pump with top tokens retesting their monthly highs.

As per the official reports, this signed order highlighted two strategies which are, transparency about the digital assets seized by authorities as part of criminal or civil asset forfeiture proceedings. The other strategy is, all federal agencies are now required to disclose their holdings of Bitcoin and other cryptocurrencies to the state.

Notably, this highlights that the entire U.S. government will disclose their digital asset holdings, including Bitcoin and other cryptocurrencies, to the Treasury Secretary by the 05th of April 2025, which is today.

The US Government Holds Over $16 Billion in Bitcoins!

David Sacks, White House’s crypto czar, estimates that the government of the United States of America owns about 200,000 Bitcoins worth over $17 Billion. However, the data is not accurate as an audit was never processed. As per Arkham, the government has a stock of 198,012 BTCs that are estimated to be worth $16.38 billion.

Furthermore, President Trump had already mentioned in a Truth Social post on 02nd March 2025 that Ripple (XRP), Solana (SOL), and Cardano (ADA) will be part of the crypto stockpile following the signing of the Bitcoin reserve bill. While the sub-bodies of the government can build strategies and acquire additional Bitcoin, the government has no plans of acquiring more digital assets.

U.S. Government To Establish Bitcoin Reserve Today? image 0 Source: Arkham

Among other top holdings are 122.051 million USDTs, 59.965k Ethereum tokens worth ~$107 million, 750 WBTCs worth over $61.8 million, and 40.293k BNB coins worth $23.86 million.

Suppose, the US agencies confirm these numbers, under such a situation, the cryptocurrency market could experience a major bullish reversal within a short period. President Donald Trump’s pro-crypto policy, the executive Bitcoin order, and his pursuit of a global tariff war have destabilized the world market within 100 days of his oath-taking ceremony.

While the crypto market has declined approximately 7% since the month started, transparency in the government holdings could potentially result in the crypto market covering its multi-month losses.

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!