U.S. Government to Disclose Bitcoin Holdings Following Presidential Directive

According to PANews, the U.S. Treasury and other federal agencies are set to reveal their holdings of Bitcoin and other cryptocurrencies on April 5, following a recent directive from U.S. President Donald Trump. The announcement will clarify whether digital assets like XRP, SOL, and ADA will be included in the national digital asset reserves. David Bailey, CEO of BTC Inc, suggests that the audit results may explain recent Bitcoin price movements. On March 6, President Trump issued an executive order to establish strategic Bitcoin and digital asset reserves. A presidential document released on March 11 mandates all federal agencies to report their holdings of Bitcoin and other digital assets to the Treasury Secretary within 30 days of the order's issuance. The Treasury Secretary is also tasked with creating two offices to manage the government's digital assets. The strategic Bitcoin reserve will consist of Bitcoin acquired through criminal or civil forfeiture and will not be sold. Data tracked by Arkham Intelligence indicates that the U.S. government currently holds approximately 198,012 Bitcoins, valued at around $16 billion. David Sacks, the White House's cryptocurrency affairs head, stated that over the past decade, the government has acquired about 400,000 Bitcoins through civil and criminal asset forfeiture. However, roughly half of these, totaling 195,000 Bitcoins, have been sold, generating $366 million in revenue. If the government had retained all 400,000 Bitcoins, their current value would exceed $17 billion.