It has been nearly a month since US President Donald Trump signed an executive order on March 6th to establish a strategic Bitcoin reserve and digital assets stockpile.
The order called for the creation of two strategic crypto sanctuaries with digital assets seized by the authorities as part of criminal or civil assets forfeiture proceedings.
In accordance with the order, all federal agencies must disclose their holdings of Bitcoin and other cryptocurrencies to the Secretary of Treasury within 30 days.
This means that the Treasury Department and other federal agencies in the U.S. government will disclose to the Treasury Secretary on April 5th its digital assets holdings, including Bitcoin and other cryptocurrencies.
White House Crypto Czar David Sacks estimated that the US government owns around 200,000 bitcoins on March 6th. However, there was no complete audit.
To be precise, the US government owns 198,012 Bitcoin worth $16.8 billion as of April 1, in accordance with Bitcoin Treas.
Secretaries of the Ministry of Finance and Commerce are empowered to pursue budget-neutral strategies to acquire additional Bitcoin, but the government will not acquire more digital assets due to its digital assets stockpile.
President Trump said in his Truth Social Post on March 2nd that XRP, SOL and ADA will become part of the crypto stockpile.
If a federal agency discloses the above digital assets to the Director of Holdings, it could significantly improve the fate of these cryptocurrencies.
While President Trump’s pro-crypto policies (particularly the executive order) thrilled the crypto market, the pursuit of a global tariff war has undermined the spirit of both the traditional and crypto markets.
The crypto market rebounded on April 1, but its market capitalization fell by about 7% within the past seven days to $2.76 trillion.