Inside America’s Digital Fort Knox: Is the Government Hoarding Billions in Bitcoin?
Jakarta, Pintu News – The United States government is now getting serious about managing and overseeing state-owned crypto assets.
Through an executive order signed by President Donald Trump on March 6, 2025, all federal agencies are required to report their cryptocurrency holdings to the Secretary of the Treasury, Scott Bessent.
The report must be submitted by April 7, 2025, but it is still uncertain whether the data will be made public. What is clear is that this move is part of Trump’s grand plan to establish a national digital asset reserve-including Bitcoin , Ethereum , and several other altcoins.
Strategic Bitcoin Reserve: Government Bitcoin Storage ‘Digital Fortress’
In the order, President Trump instructed the establishment of a “Strategic Bitcoin Reserve,” an initiative dubbed as “Digital Fort Knox.”
This reserve will hold Bitcoin confiscated from civil and criminal cases and will not be sold. The goal is to make Bitcoin a long-term store of value for the country.
In addition to Bitcoin, the government also established a “Digital Asset Stockpile” that serves as a reserve of digital assets that can be sold or actively managed.
According to David Sacks, the White House’s top AI and crypto advisor, this policy will provide a new direction in the governance of state-owned crypto. With proper management, these crypto assets can become part of a more modern national financial strategy.
How Much Crypto Does the US Government Own?
Based on data from Arkham Intelligence, the US government is currently known to hold 198,012 Bitcoins, which is worth around IDR 271 trillion ($16 billion).
In addition, the government also owns other crypto assets such as Ethereum (ETH), Wrapped Bitcoin , Binance Coin , and TRON (TRX), with the total value of altcoins reaching around IDR 6.4 trillion ($380 million).
Interestingly, the US government once owned around 400,000 Bitcoins, but most of them were sold for 195,000 BTC for a mere IDR 6.2 trillion ($366 million).
If these assets had been kept until recently, their value could have soared many times over. This is an important lesson about the long-term management of state-owned cryptocurrency assets.
Altcoins like XRP, SOL, and ADA also make the reserve list
President Trump named several major altcoins as part of the national crypto reserve.
The altcoins mentioned include Ripple (XRP), Solana (SOL), Cardano , as well as Ethereum (ETH) which is known as the digital asset with the largest market capitalization after Bitcoin. This recognition shows that the US government is not only focused on BTC, but is also starting to recognize the important role of altcoins in the global crypto ecosystem.
However, despite being mentioned in the reserve, there has been no confirmation that the altcoins have been physically owned by the government. Most still rely on confiscated digital assets, which are then managed by legally authorized institutions.
Read also: Crypto Black Monday Begins? Over $1 Billion Lost in Weekend’s Brutal Crypto Liquidation!
US political turmoil poses new threat to global crypto market
This crypto reporting comes amid market tensions due to President Trump’s controversial economic policies. The latest import tariff policy-10% globally, up to 34% for China-has driven panic in the stock and crypto markets.
As a result, the global crypto market capitalization fell by more than 8% to IDR42.4 quadrillion ($2.5 trillion).
The price of Bitcoin (BTC) itself fell sharply from over IDR 1.59 billion ($94,000) to IDR 1.32 billion ($77,800). This drop adds to the pressure amid macroeconomic uncertainty that is weighing further on the crypto market.
All in all, with the massive accumulation of crypto assets by the US government, a big question arises: is this a sign that the superpower is preparing a new cryptocurrency-based economic “weapon”?
Although not all data has been published, this move clearly signals a new era in the management of state assets that is no longer conventional. The crypto world is not only the domain of individual investors, but is now also a strategic tool of superpowers.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Cointelegraph. Federal Agencies Face Crypto Holdings Disclosure Deadline. Accessed April 8, 2025.
- Crypto Briefing. Government Crypto Holdings Report. Accessed April 8, 2025.
