Federal Agencies to Report Crypto Holdings to Treasury Secretary
- Federal agencies must report their Bitcoin and crypto holdings by Monday.
- The US government holds 198,012 Bitcoin, valued at approximately $16 billion.
- This reporting is part of an executive order for a Strategic Bitcoin Reserve and Digital Asset Stockpile.
- The Strategic Bitcoin Reserve will store Bitcoin obtained through forfeiture without selling it.
- The US government also owns altcoins like ETH, WBTC, BNB, and TRX, worth around $380 million.
Federal agencies are required to disclose their crypto holdings to the Treasury Secretary as part of an initiative to establish a Strategic Bitcoin Reserve. The US currently holds significant amounts of both Bitcoin and various altcoins.
Source (2.6)https://cryptobriefing.com/government-crypto-holdings-report/?rand=59535
