The U.S. government is set to conduct an audit of its strategic Bitcoin reserve and a separate storage facility for other digital assets. This move aims to determine the exact holdings of state-owned cryptocurrencies, according to a senior White House official who spoke at an industry summit, as reported by Bloomberg.

Background: Creation of the Bitcoin Reserve

Last Thursday, President Donald Trump signed an executive order establishing a U.S. Strategic Bitcoin Reserve alongside a separate collection of other digital assets. The reserve will be formed primarily from cryptocurrencies confiscated during legal proceedings.

How Much Bitcoin Does the U.S. Own?

A government representative revealed that at one point, the U.S. held approximately 400,000 BTC, largely acquired after the Silk Road exchange shutdown. Reports indicate that about half of this amount has been sold, but the exact current holdings remain unclear. The upcoming audit will provide a more precise estimate of the remaining Bitcoin and digital assets in government custody.

Why This Matters

With Bitcoin playing an increasingly strategic role in finance and national reserves, this audit could influence future U.S. policies on cryptocurrency holdings and regulations. The crypto industry will be closely watching for insights into how the government plans to manage its digital assets moving forward.