The White House confirms Bitcoin report, cryptocurrency to be announced soon.

Federal agencies have a deadline on Monday to report the amount of Bitcoin and cryptocurrency assets they hold to Treasury Secretary Scott Bessent, according to confirmation from a White House official to journalist Eleanor Terrett today.

This report is part of President Trump’s executive order on March 6, establishing the Strategic Bitcoin Reserve Fund and the Digital Asset Vault.

The executive order, detailed in a presidential document on March 11, requires all federal agencies to disclose the number of Bitcoins and digital assets they hold to the Secretary of the Treasury within 30 days.

Currently, it is still unclear whether the results will be made public, as this decree does not require the findings from the report to be disclosed.

The Minister of Finance will oversee two new offices managing the digital assets held by the government. The Strategic Bitcoin Reserve Fund, designed as a “digital Fort Knox,” will hold Bitcoin acquired through the seizure of assets from criminal or administrative activities and maintain this amount long-term without selling.

Assets in the digital asset vault, similar to the Bitcoin reserve fund, will only be collected through the seizure of assets due to criminal or administrative offenses. However, the ability of the Ministry of Finance to liquidate these assets for active management has distinguished them from the Bitcoin reserve fund.

Trump previously mentioned Ethereum, XRP, Solana, and Cardano as part of the digital asset portfolio he proposed.

However, both David Sacks – the White House official responsible for cryptocurrency – and Bo Hines, a senior advisor to Trump on cryptocurrency, clarified that these mentions reflect the president’s recognition of these coins as leading cryptocurrency assets by market capitalization.

According to data from Arkham Intelligence, the U.S. government is currently holding 198,012 Bitcoin, worth over 15 billion USD, in a wallet.

In addition to Bitcoin, the government also holds ETH, WBTC, BNB, and TRX, among which the altcoin assets are valued at approximately 380 million USD.

Sacks revealed that the previous government owned approximately 400,000 Bitcoin through seizures over the past decade, but sold 195,000 BTC for a total of 366 million USD.

The price of Bitcoin has dropped by about 17% since the reserve fund was established, falling from over $94,000 to $77,800, amid concerns over trade wars and economic recession, according to CoinGecko.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

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Thach Sanh

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