The US government is expected to complete a comprehensive audit of its bitcoin and other cryptoasset holdings on April 5

On April 1st, the US Treasury and other federal agencies are expected to disclose their holdings of bitcoin and other cryptoassets on April 5th, in line with President Trump's recent directive. Whether digital assets previously mentioned by Trump, such as XRP, SOL and ADA, will be included in the national digital asset reserve will also be clarified soon. David Bailey, CEO of BTC Inc., said the audit results could shed light on the reasons for bitcoin's recent price movements.
On March 6, Trump issued an executive order mandating the formation of the Strategic Bitcoin Reserve and the Digital Asset Reserve. According to a presidential document released on March 11, all federal agencies must report their holdings of bitcoin and other digital assets to the Secretary of the Treasury within 30 days of the order. The Secretary of the Treasury was also directed to establish two offices to manage digital assets held by the government. The Strategic Bitcoin Reserve will hold bitcoins obtained through criminal or civil forfeiture and will not sell bitcoins.
According to data tracked by Arkham Intelligence, the U.S. government currently holds about 198,012 bitcoins, worth about $16 billion. White House head of cryptocurrency affairs David Sacks said the U.S. government has held about 400,000 bitcoins in the past decade through civil and criminal asset forfeiture. However, about half of those, or 195,000 bitcoins, have been sold for a $366 million gain. If the government had kept all 400,000 bitcoins at the time, they would be worth more than $17 billion today.