- US Treasury Department to report Bitcoin and crypto holdings on April 5, following President Trump’s directive.
- Strategic Bitcoin Reserve will hold BTC from forfeitures without trading it, preserving its value.
- Bitcoin struggles with a bearish market, but whale activity suggests potential for future bull runs.
The US Treasury Department and other federal parastatals are set to report their portfolios of Bitcoin and other crypto assets on April 5, according to a recent command by President Trump.
White House Orders BTC Disclosure, Creates Strategic Bitcoin Reserve
In a White House decree issued on March 11, all federal agencies are mandated to account for their BTC holdings, as well as well as other digital assets in their possession to the Treasury Secretary within one month of the edict.
As part of the directive, the Treasury Secretary will open two new roles to oversee government-owned digital assets. The Strategic Bitcoin Reserve will hold Bitcoin obtained through criminal or civil forfeiture in custody. Additionally, it shall not trade the BTC asset but act as a “digital Fort Knox” to preserve value.
Recall that on March 6, President Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile. Before that, Trump mentioned that XRP, Solana, and Cardano would be part of the digital stockpile. However, it has yet to be clarified whether these tokens will be included in the stockpile.
Industry Leaders React to White House Decree
BTC Inc. CEO David Bailey explained that the review results could clarify BTC’s recent market trend.
Bailey noted:
Depending on what we learn, might answer many of the open questions about the recent price action,
Meanwhile, BlackRock CEO Larry Fink argued that the US Dollar could lose its status as the global reserve currency to Bitcoin if debt management issues persist.
If the US doesn’t get its debt under control, if the deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.
Fink said to investors. Per Arkham Intelligence data, the US government currently owns 198,012 BTC, totalling $16 billion. White House’s crypto czar disclosed that the government Bitcoin holdings acquired through civil and criminal asset forfeitures rose to 400,000 in the past 10 years. However, he clarified that 195,000 BTC was traded, generating profits of $366 million. At the time of writing, the value of 400,000 BTC currently exceeds $32 billion.
Bitcoin’s Price Struggles Amid Market Uncertainty
Despite the recent strategic Bitcoin reserve ruling, BTC’s southbound price trend persists. This value trajectory is likely driven by President Trump’s recent administrative changes, which have stirred market panic. In the past month, Bitcoin has slipped 2.89% to $82,778. Furthermore, it is positioned below the 200-day SMA amid the bearish market sentiment.
However, the BTC price has rallied over 20% in the past year, outstripping 77% of the top 100 crypto assets. Meanwhile, crypto expert Ali Martinez recently disclosed that over 30,000 BTC was withdrawn from exchanges over the past week.
Market analysts explain that large exchange withdrawals often signify large whale token accumulation. Historically, these trends often precede bull runs. Meanwhile, popular analyst Captain Faibik has urged investors to purchase BTC, saying that buying now is better than “regretting later.”
