Following the signing of the ‘Bitcoin Strategic Reserve’ executive order by Donald Trump, David Sachs, the cryptocurrency affairs official in the United States government, provided some explanations on social media. He emphasized that the US government intends to create a Bitcoin reserve and not sell the seized Bitcoins. Additionally, this executive order leads to the creation of ‘US Digital Assets Reserve,’ which includes digital assets other than Bitcoin seized in criminal or civil cases. According to Sachs, the government will not purchase any new assets for this reserve and only seized assets will be added to it. This has raised concerns about the status of Cardano (ADA), Ripple (XRP), and Solana (SOL) as data indicates that the government does not hold these cryptocurrencies. Based on blockchain information, the US government currently holds about 198,000 Bitcoins worth approximately $16.26 billion. Furthermore, federal authorities hold 608,500 Ethereum (ETH) worth $122.96 million, equivalent to 1522.86 Bitcoins. Other reserves include 122 million Tether (USDT), approximately 1500 Bitcoins, and 750.722 Wrapped Bitcoin (WBTC) units worth $61.69 million. Additionally, the government holds 402,930 Binance Coin (BNB) worth $22.34 million and $13.62 million of Binance USD (BUSD) stablecoin. In total, if the US government sells all its digital assets, it can acquire about 5004.55 Bitcoins. According to Sachs, some of these assets may be converted to Bitcoin for investment portfolio optimization.
