US Government to Audit Strategic Bitcoin Reserves and Digital Assets

According to Bloomberg, after the United States established a strategic Bitcoin reserve and other digital asset reserves, the government plans to conduct an audit to determine the specific amount of cryptocurrencies it holds. This information was revealed by a senior White House official at an industry summit today.

Last Thursday, President Trump signed an executive order to establish a strategic Bitcoin reserve and other digital asset reserves. According to the executive order, these reserves will be funded by cryptocurrencies confiscated in legal proceedings.

The official revealed that the United States once held about 400,000 bitcoins after the closure of the Silk Road exchange. According to reports, about half of them have been sold. The upcoming audit will provide a more accurate statistics on the current holdings of Bitcoin reserves and digital asset reserves.