US Government to Audit Strategic Bitcoin Reserve Amid Crypto Stockpile Plans

The U.S. government is set to conduct an audit to determine the exact amount of cryptocurrency it holds, following the establishment of a Strategic Bitcoin Reserve and a separate stockpile of digital assets. A senior White House official revealed this development at an industry summit today, as reported by Bloomberg.

Last Thursday, President Donald Trump signed an executive order to create the Strategic Bitcoin Reserve, alongside a collection of other digital assets. These reserves will be funded with cryptocurrencies seized in legal proceedings, according to the order. The move signals the government's growing involvement in digital asset management amid increasing global interest in crypto as a strategic financial asset.

The White House official disclosed that at one point, the U.S. held approximately 400,000 Bitcoin following the shutdown of the Silk Road marketplace. Nearly half of this amount was reportedly sold. The upcoming audit aims to provide a precise count of the remaining Bitcoin within the reserve and other digital assets held by the government.

The creation of a Bitcoin reserve and crypto stockpile marks a significant step in integrating digital assets into national financial strategy. This decision comes as Bitcoin continues to gain recognition as a hedge against inflation and economic uncertainty. With the audit underway, industry experts anticipate more transparency regarding government-held crypto assets.

As the U.S. takes this unprecedented step, market analysts are closely watching how this initiative will impact Bitcoin’s price and the broader cryptocurrency landscape. The audit results could influence policy decisions and future government interactions with digital assets, reinforcing crypto’s role in the global financial ecosystem.