The U.S. Treasury Department and other federal agencies are announcing the amount of crypto assets they hold! Here's the Critical Date

The U.S. Treasury Department and other federal agencies are preparing to disclose their assets related to Bitcoin and other cryptocurrencies on April 5, following President Donald Trump’s executive order to create a Strategic Bitcoin Reserve and Digital Asset Inventory.

U.S. Government to Complete Bitcoin Audit on April 5, Crypto Stockpiling Details Awaited

The audit will clarify whether the assets XRP, Solana (SOL), and Cardano (ADA) mentioned earlier by Trump are included in the government’s cryptocurrency assets.

On March 6, Trump issued an executive order requiring all federal agencies to report their Bitcoin and cryptocurrency assets to the Secretary of the Treasury within 30 days.

In a document dated March 11, it was also stated that the Strategic Bitcoin Reserve would store Bitcoin obtained through legal or criminal seizures and would not sell it, positioning it as a “digital Fort Knox” for long-term value storage.

In addition, it is expected that the Treasury will establish two offices to manage the government’s crypto assets as stated in the order.

Fluctuations in Bitcoin Price Amid Reserve Speculations

The upcoming announcement has sparked speculation regarding Bitcoin’s recent price movements. BTC Inc CEO David Bailey suggested that the audit results could shed light on Bitcoin’s recent 10% price drop, which saw the asset fall from $92,000 to $82,000 amid ongoing trade war and recession concerns.

Bailey said, “Depending on what we learned, we can answer most of the open questions regarding this latest price movement.”

According to Arkham Intelligence data, the US government currently holds approximately 16 billion dollars worth of 198,012 BTC. The White House’s crypto czar David Sacks stated that over the past decade, the government has held up to 400,000 BTC from civil and criminal seizures.

However, by selling 195,000 BTC, only 366 million dollars in revenue was generated. If the entire amount had been held, its current value would exceed 17 billion dollars.

As the audit nears completion, investors and analysts are waiting for more details on the government’s crypto stockpiling strategy and its potential market implications.