The US government holds a significant amount of bitcoins, valued at around $18.000 billion, according to data from Bitcoin Treasuries.
Donald Trump has ordered the creation of a Bitcoin strategic reserve from assets seized by federal authorities over the years. However, it is unclear how many bitcoins the US government actually owns.
BUY BITCOINAccording to David Sacks, the White House's cryptocurrency and AI czar, the executive order that President Trump signed on March 6, ordering the creation of a nationwide Bitcoin Strategic Reserve, also provides for a full audit of these seizures, that allows us to know in detail how many cryptocurrencies are in the hands of the government to date.
More than 200 thousand bitcoins in the hands of the US government
According to statistics from cryptocurrency data platforms such as Bitcoin Treasuries, the US government holds a total of 207.189 BTC, whose value, according to the price of Bitcoin on the market, amounts to approximately $18.050 billion dollars.
Source: Bitcoin Treasuries
The nation has been accumulating Bitcoin for years, primarily through seizures in criminal and civil cases. Now, the strategic reserve ordered by Trump represents a significant shift in the government's official perception of cryptocurrencies. The thorough audit of these holdings will ensure transparency and accuracy in the management of these digital assets, which could set a precedent for other countries.
PREPARE YOUR WALLETThe amount of bitcoins held by the government, although not audited so far, places the nation among the largest holders of Bitcoin globally. In fact, according to the platform's data, with this amount, The United States is the country with the largest amount of bitcoins, closely followed by China and the United Kingdom.
Source: Bitcoin Treasuries
Trump administration-ordered audit of Bitcoin holdings
Trump's audit of Bitcoin holdings seeks to provide an accurate record of digital assets held by the government. This process not only seeks to clarify the exact amount of bitcoins held by the state, but is also a crucial step in preventing fraud and corruption by ensuring that digital assets are managed in a transparent and accountable manner.
As reported by this outlet, Trump has finally ordered the creation of a federal strategic reserve denominated in bitcoins, and he has done so with assets that have been seized in recent years rather than direct purchases on the market, at least initially.
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Sacks clarified that Trump's March 6 executive order establishes a reserve of seized bitcoins, although it gives the Treasury and Commerce departments room to budget for additional purchases of the cryptocurrency, as long as they do not incur significant additional costs to American taxpayers.
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