U.S. Government Delays Disclosure of 198,012 BTC Holdings

U.S. President Donald Trump signed an executive order on March 6, 2025, mandating all federal agencies to report their Bitcoin and other cryptocurrency holdings to the Treasury Secretary within 30 days. This order aimed to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile, utilizing seized digital assets from criminal and civil cases. The deadline for this report was April 5, 2025, but as of April 11, 2025, there has been no public update or disclosure from the government regarding its crypto holdings.

The delay has sparked curiosity and speculation within the crypto community, as the public awaits transparency on the government's digital asset reserves. The plan involves not only Bitcoin but also other cryptocurrencies acknowledged by President Trump, including XRP, Solana (SOL), and Cardano (ADA).

According to BitcoinTreasuries, the U.S. government is estimated to hold around 198,012 BTC, valued at approximately $16.8 billion as of April 1, 2025. However, there has never been an official audit to confirm these figures. White House crypto advisor David Sacks previously estimated the total holdings to be close to 200,000 BTC, but this remains unconfirmed. The executive order allows the Treasury and Commerce Departments to pursue strategies to increase Bitcoin holdings, but it clarifies that the U.S. will not be acquiring additional digital assets beyond what has already been seized.

The potential inclusion of XRP, SOL, and ADA in the government’s crypto stockpile could significantly impact these tokens. Any confirmation of the U.S. government holding these assets could drive demand and boost market sentiment. However, Trump’s aggressive trade policies and global tariff plans have been weighing down the markets, despite a brief recovery on April 1, 2025. The total crypto market cap has dropped by 7% over the last week, now sitting at $2.76 trillion.

As the crypto community awaits the overdue report from the Treasury, the focus remains on the potential implications of the U.S. government's crypto holdings. The disclosure of these holdings could provide valuable insights into the government's stance on digital assets and its plans for their strategic use. The lack of transparency thus far has left many questions unanswered, and the crypto community eagerly awaits further developments.