- The US government is expected to reveal its Bitcoin holdings next Saturday.
- On March 6, President Trump instructed federal agencies to report on digital assets obtained through seizures and forfeitures within a 30-day period.
- The audit may also disclose potential reserves in XRP, Solana, and Cardano.
On Tuesday, Bitcoin’s value increased by 3% as MicroStrategy, Metaplanet, and Tether announced new BTC acquisitions. Nevertheless, the price of Bitcoin is likely to remain unstable in anticipation of the forthcoming announcement regarding U.S. government crypto holdings, which could stir up speculation in the upcoming days.
US Treasury to complete Bitcoin audit on April 5 as part of Trump’s cryptocurrency approach
The U.S. Department of the Treasury, along with various federal agencies, is slated to complete an audit of its Bitcoin reserves this Saturday, April 5. This follows President Trump’s executive order calling for a comprehensive accounting of government-held digital assets within a 30-day timeframe.
The review is anticipated to clarify the exact amount of Bitcoin the government holds and whether assets like XRP, Solana, and Cardano will be part of its strategic reserve.
Trump signs Executive order creating strategic Bitcoin reserve, March 6 2025
As per official documentation, the Strategic Bitcoin Reserve will comprise Bitcoin acquired through civil and criminal forfeitures.
In contrast to past asset liquidations, this reserve aims for long-term retention rather than selling Bitcoin on the market. The audit will also establish two new offices tasked with overseeing and managing these digital reserves.
Market implications and speculation about U.S. crypto reserves
The announcement of the Strategic Bitcoin Reserve sparked initial speculation across the market; however, Bitcoin’s price has continued to experience fluctuations. Since the policy was introduced in early March, Bitcoin has declined by nearly 10%, dropping from $92,000 to $82,000.
Experts suggest that lingering uncertainties regarding the U.S. government’s long-range strategy for its holdings may be contributing to market volatility. David Bailey, CEO of BTC Inc, mentioned that the upcoming audit might shed light on why Bitcoin’s price movements have remained inconsistent despite favorable trends in institutional adoption. “Depending on what we uncover, this could answer many unresolved questions about recent price behavior,” Bailey remarked.
US Government on-chain crypto holdings as of April 1, 2025
As reported by blockchain analytics company Arkham Intelligence, the U.S. government currently possesses 198,012 BTC, with the total cryptocurrency assets valued at roughly $17.3 billion. However, cryptocurrency advisor David Sacks disclosed that over the past decade, federal agencies have gathered around 400,000 BTC, of which approximately 195,000 BTC has been liquidated, yielding $366 million in revenue.
If the government had retained its entire Bitcoin collection, its value today would surpass $17 billion. The forthcoming announcement will determine the federal government’s approach moving forward and whether Bitcoin will continue to be a significant asset in the U.S.’s digital economy strategy. Investors are now keenly observing the audit results on Saturday to gauge their impact on Bitcoin’s price trajectory as April 2025 begins.