In a sweeping move aimed at increasing federal oversight of digital assets, U.S. federal agencies are required to report their cryptocurrency holdings to the Treasury Department by April 7, according to reports emerging from Washington.
The directive stems from an executive order signed by former President Donald Trump on March 7, which also outlined plans to create a Strategic Bitcoin Reserve and a broader Digital Asset Stockpile. While the reporting mandate applies to all federal agencies, the information disclosed will not be made public—at least not yet.
The new policy was first reported by journalist Eleanor Terrett, citing a senior White House official. The agency disclosures will be submitted to Treasury Secretary Scott Bessent, but it remains unclear if or when the findings will be shared with the public.
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Digital Fort Knox: Strategic Bitcoin Reserve
At the heart of this new initiative is the formation of a Strategic Bitcoin Reserve, a concept described by David Sacks, the White House’s AI and crypto advisor, as a “digital Fort Knox for cryptocurrency.”
The reserve will be primarily seeded with Bitcoin (BTC) that federal agencies have obtained through civil or criminal asset forfeiture. Sacks emphasized that the U.S. will not sell any of the Bitcoin held in the reserve, instead preserving it as a store of value for the nation’s digital future.
Sacks has been a vocal critic of previous government actions involving crypto sales. He pointed to the 195,000 BTC sold for just $366 million, lamenting that the value of those assets would be worth billions today had they been held.
What’s in the Digital Asset Stockpile?
In addition to Bitcoin, the executive order also calls for the formation of a Digital Asset Stockpile, designed to give the Treasury greater oversight and control over the government’s broader cryptocurrency exposure.
Unlike the Strategic Bitcoin Reserve, the stockpile may involve the sale of certain assets when appropriate, according to Sacks, who described the stockpile as a step toward “responsible stewardship” of federally held crypto.
Individual agencies will also evaluate their legal authority to transfer their Bitcoin and other digital assets into these centralized reserves, marking a significant shift in how crypto is treated across the federal government.
Why This Matters
This marks a bold new direction in federal crypto policy, reflecting both growing interest in digital assets and a more strategic, long-term approach to managing them. While the disclosures are confidential for now, the move signals a shift toward institutionalizing crypto within U.S. government operations.
With April 7 as the first major deadline, all eyes will be on how much crypto federal agencies actually hold—and how this bold experiment in digital asset governance unfolds.
