United States federal agencies are preparing to disclose their crypto holdings to the Treasury in accordance with a presidential executive order signed earlier this month. Unnamed sources within the White House say the reports are due by Monday, according to Fox journalist Eleanor Terrett. She noted that while agencies must share their holdings with Treasury Secretary Scott Bessent, the executive order doesn’t require the information to be made public. “Unclear as of now if and when the findings could be made public,” Terrett wrote . A number of community members have voiced frustration over the lack of transparency, questioning why public crypto holdings remain undisclosed. Some say the government should release the data “since they work for the people,” while others described the situation as “shady.” You’d think the government would make it public since they work for the people…. — Cazzdezhands (@Cazzdezhands) April 6, 2025 You might also like: US crypto investors likely lost up to $5b on geoblocked airdrops, research shows Trump’s AI and Crypto Czar David Sacks, during a podcast appearance last month, noted that the U.S. once held around 400,000 BTC but sold nearly half for just $366 million. He pointed out that if those coins had been held instead, they’d be worth over $17 billion based on recent prices. According to Arkham Intelligence data on April 7, the U.S. government currently holds roughly 198,000 BTC, worth roughly $15 billion. Other cryptocurrencies, such as ETH, WBTC, and BNB, account for an additional $380 million. The executive order, signed on March 6 by President Donald Trump, calls for a full audit of federal crypto assets and the creation of two new structures, a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. Dubbed a “digital Fort Knox,” the Bitcoin Reserve is designed to hold seized BTC as a long-term strategic asset, moving away from the government’s previous practice of auctioning off confiscated tokens . In contrast, the Digital Asset Stockpile offers flexibility for managing non-Bitcoin assets like ETH, BNB, or TRX, allowing for potential sales, swaps, or other operational uses depending on policy objectives. According to Sacks, the reserve would be filled using crypto that the government has already seized through civil and criminal forfeitures. At the time, Sacks estimated the U.S. holds around 200,000 BTC, though no full audit has ever been done. In the meantime, federal agencies have continued to seize illicit crypto. Last month, the Department of Justice confiscated over $200,000 in digital assets linked to Hamas, part of a broader terror financing network that moved more than $1.5 million through exchanges and wallets since October 2024. However, sometimes seized assets directly linked to victim losses are eligible for return. On March 3, the U.S. Attorney’s Office in Ohio announced its intention to forfeit around $8.2 million in USDT tied to a crypto investment scam and return the funds to victims. Read more: US Treasury lifts sanctions on Tornado Cash, allowing access for Americans
