The U.S. government is set to audit its cryptocurrency holdings, following the creation of a Strategic Bitcoin Reserve and a separate digital asset stockpile. A senior White House official revealed this during an industry summit, as reported by Bloomberg.
Key Highlights of the Announcement
1. Creation of the Strategic Bitcoin Reserve
- President Donald Trump signed an executive order last Thursday to establish a Bitcoin Reserve and a stockpile of other cryptocurrencies.
- These reserves will be funded using assets forfeited in legal cases involving digital assets.
2. Audit to Determine Current Holdings
- The U.S. previously held around 400,000 Bitcoin after seizing assets from the Silk Road case.
- Half of this amount has been sold, but the exact remaining balance is unknown.
- The forthcoming audit will provide a clearer picture of Bitcoin and other digital assets owned by the government.
Monitoring the U.S. Crypto Holdings & Market Impact
\ud83d\udd0d Relevant APIs for Crypto Data & Institutional Holdings:
Final Thoughts
The U.S. government’s involvement in Bitcoin could significantly impact market sentiment and crypto regulation. The upcoming audit results will be closely watched by investors, institutions, and policymakers.
