The U.S. government is expected to complete a comprehensive audit of its holdings of bitcoin and other crypto assets on April 5

PANews April 1 news, according to Cryptobriefing, the U.S. Treasury Department and other federal agencies are expected to disclose their holdings of Bitcoin and other crypto assets on April 5 to follow President Trump's recent instructions. Whether the digital assets mentioned by Trump, such as XRP, SOL and ADA, will be included in the national digital asset reserves will also be clarified soon. David Bailey, CEO of BTC Inc, said the audit results could reveal the reasons for Bitcoin’s recent price movement.

On March 6, Trump issued an executive order requiring the establishment of strategic Bitcoin reserves and digital asset reserves. According to a presidential document released on March 11, all federal agencies must report to the Treasury Secretary of the situation of their holdings of Bitcoin and other digital assets within 30 days of the order. The Finance Minister was also directed to set up two offices to manage the digital assets held by the government. The strategic Bitcoin reserve will store Bitcoin obtained through criminal or civil forfeiture and will not sell Bitcoin.

According to data tracked by Arkham Intelligence, the U.S. government currently holds about 198,012 bitcoins, worth about $16 billion. David Sacks, head of cryptocurrency affairs at the White House, said the U.S. government has held about 400,000 bitcoins in the past decade through civil and criminal assets. However, about half of them, or 195,000 bitcoins, have been sold, earning $366 million. If the government had kept all 400,000 bitcoins at the time, its value would now exceed $17 billion.