U.S. Agencies Face Deadline Today to Disclose Crypto Holdings to Treasury

Highlights:

• U.S. agencies must report their crypto holdings to the Treasury as part of a new national strategy.
• The Strategic Bitcoin Reserve will hold Bitcoin long-term while the Digital Asset Stockpile offers more flexibility.
• The new structures aim to strengthen how the country manages and stores its cryptocurrency assets.

All U.S. federal agencies must submit their crypto holdings to the Department of the Treasury by April 7. This directive comes from an executive order signed by President Donald Trump on March 6. It aims to bring federal crypto asset management under one structure. The submitted data will not be made public but will be reported directly to Treasury Secretary Scott Bessent by agencies. Journalist Eleanor Terrett said it is unclear if or when the reported information will be made public.

🚨NEW: The deadline for the federal agencies to report their crypto holdings to Treasury Secretary Scott Bessent is tomorrow, according to a White House official. However, the Executive Order didn’t require the findings of the audit be made public, only that they be reported to… https://t.co/6JUjCEEh2F

— Eleanor Terrett (@EleanorTerrett) April 6, 2025

While the details of the crypto holdings are not required to be publicly disclosed, some citizens have questioned the decision to withhold these details. They believe the government should release the information because federal assets should be visible to the public.

The move is intended to create a full inventory of the digital assets held by government entities. This will help in tracking how these assets are managed and used. In addition, this audit supports the federal priority of understanding the extent of digital holdings and how they may be factored into future decisions.

Introduction of Strategic Bitcoin Reserve and Digital Asset Stockpile

The executive order also established two new frameworks in order to oversee digital currencies seized by the government. The first structure is the Strategic Bitcoin Reserve, which will serve as a permanent store of BTC that federal agencies have collected through criminal or civil forfeitures. This reserve will not be used for active trading or sales and will instead operate as a long-term store of value for the country. David Sacks, the government’s lead on AI and crypto policy, referred to it as a “digital Fort Knox.” He pointed out that these assets will no longer be sold but preserved.

The second structure, the Digital Asset Stockpile, allows more flexibility in handling non-Bitcoin assets like Ethereum, BNB, and other major cryptocurrencies. The Treasury can choose to trade, sell, or exchange assets in the stockpile based on market conditions or government plans. This approach helps separate the long-term storage strategy of Bitcoin from the more fluid management of other cryptocurrencies.

This division between the two frameworks shows how the government is managing its crypto holdings differently depending on the asset type. The Bitcoin reserve focuses on stability, while the stockpile supports quick decisions when needed. Sacks also mentioned that these changes came in response to earlier mistakes, such as when the U.S. sold nearly half of its Bitcoin holdings, about 195,000 BTC, for only $366 million. If those coins had been kept, they would be worth over $17 billion at current prices.

Crypto Market Reacts as Policy and Tariff Decisions Take Effect

As of April 7, Arkham Intelligence reports that the U.S. government holds 198,012 BTC, worth around $15 billion. Alongside Bitcoin, other crypto holdings like ETH, BNB, and WBTC account for roughly $380 million. These figures follow years of asset seizures and reflect the current state of federal crypto ownership.

Following a separate move by the administration on April 5, which placed tariffs on all countries and set higher rates for China, Japan, and the EU, the crypto market saw a sharp decline. Overall market cap has dropped more than 5.54%, falling to $2.48 trillion.