U.S. Federal Agencies Now Face Deadline for Digital Asset Reporting Under Executive Order
In a new development, a White House official confirmed today that U.S. federal agencies have a final deadline until Monday to submit reports on their Bitcoin and cryptocurrency holdings to U.S. Treasury Secretary, Scott Posen.
This directive is part of an executive order issued by President Donald Trump on March 6, which mandates the creation of a strategic reserve of Bitcoin along with a broader stockpile of digital assets.
According to a presidential document released on March 11, the executive order requires all federal agencies to disclose their digital asset holdings within 30 days, with the reports to be submitted directly to the Treasury Secretary. However, the order does not require the disclosure of this data to the public, raising questions about the transparency of the process.
Treasury Secretary Posen will oversee the establishment of two new offices tasked with managing government-owned digital assets. The first office will manage the Bitcoin Strategic Reserve, designed to function as a “digital fortress” that will hold Bitcoin seized either criminally or civilly, without the intention to liquidate or sell it for the long term.
The second office will manage the public stockpile of digital assets, which will also be built through seizures. However, unlike the Bitcoin Strategic Reserve, the Treasury retains the authority to liquidate and actively manage these assets, marking a key distinction between the two.
Previously, President Trump had identified cryptocurrencies like Ethereum (ETH), XRP, Solana, and Cardano as part of the proposed digital asset stockpile. Both David Sachs, Trump’s senior cryptocurrency advisor, and Bo Hines explained that these references reflect the President’s recognition of these coins as key digital assets with substantial market value.
According to data from Arcane Intelligence, the U.S. government currently holds 198,012 Bitcoin, valued at over $15 billion, stored in a single wallet. In addition to Bitcoin, the government’s holdings also include other cryptocurrencies such as ETH, WBTC, BNB, and TRX, with an estimated total value of around $380 million.
Sachs further revealed that the government previously held nearly 400,000 Bitcoin through seizures over the past decade but had sold about 195,000 Bitcoin for $366 million.
It’s also worth noting that Bitcoin’s price has dropped by 17% since the establishment of the strategic reserve, falling from over $94,000 to approximately $77,800, amid growing concerns of a potential trade war and an economic recession, according to CoinGecko data.
