A New Mandate from Congress

The appropriations bill, introduced by Republican Representative David P. Joyce, gives the Treasury 90 days to deliver its findings. The report must cover several critical areas, including:

• Secure custody methods for Bitcoin and other digital assets

• Legal authority of the federal government to hold these assets

• Cybersecurity protections

• Mechanisms for interagency transfers

• Accounting treatment of digital assets on the federal balance sheet

• Potential involvement of third-party custodians

Additionally, the Treasury is asked to assess how such a reserve might impact the Treasury Forfeiture Fund.

Origins of the Strategic Bitcoin Reserve

In March 2025, President Donald Trump signed an executive order authorizing the creation of a Strategic Bitcoin Reserve alongside a digital asset stockpile. Under this order, cryptocurrencies seized by the government would be allocated toward building the fund.

Treasury Secretary Scott Bessent later emphasized that the department is working on “budget-neutral approaches” to strengthen the Bitcoin reserve without creating additional financial burdens.

The Global Push for Crypto Reserves

The United States is not alone in exploring digital asset reserves. Similar moves are emerging across the globe:

• Kazakhstan’s President Kassym-Jomart Tokayev recently unveiled plans for a state-backed digital asset fund, aimed at accumulating promising assets in the evolving financial system.

• In the Philippines, lawmakers have floated a proposal to establish a 10,000-Bitcoin reserve, which would make the country the first in Southeast Asia to recognize Bitcoin as a strategic state asset.

At present, countries collectively hold over 517,000 BTC, accounting for roughly 2.46% of Bitcoin’s total circulating supply, according to available data.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post US Congress Pushes for Critical Report on Bitcoin Reserve appeared first on Coin Engineer.

Robert “Bo” Hines, Executive Director of the Presidential Council on Digital Assets, stated in a Wednesday appearance on Crypto in America that the U.S. still maintains its strategic Bitcoin reserve.

“We believe in accumulation. We have it, it’s already been established… We also have a national strategic digital asset stockpile,” said Hines.

He emphasized that Bitcoin is “in a class of its own” — a statement that reflects a growing consensus among U.S. policymakers. While Hines acknowledged the broader crypto ecosystem, he refrained from mentioning any other digital assets or platforms.

According to Hines, building the necessary infrastructure takes time and effort, stressing that long-term success depends on doing it the right way. He noted that there are “countless ways” to accumulate digital assets.

“People will be pleased with the direction we’re heading,” he added. “We’ll begin taking action in short order.”

Strategic Bitcoin Reserve Briefly Mentioned in Reports

The President’s Working Group on Digital Asset Markets released a report Wednesday aimed at “strengthening American leadership in digital financial technology.” However, the Strategic Bitcoin Reserve was mentioned only briefly.

Hines explained that the main priorities outlined in the report were focused on developing a clear and robust regulatory framework.

“We understand the importance of the strategic Bitcoin reserve. We are huge fans of Bitcoin and the Bitcoin community. We want to deliver for them, and I’m confident we will,” said Hines.

“We Want as Much BTC as Possible”

When asked how much Bitcoin the federal government currently holds, Hines declined to provide a specific figure.

“There are a few reasons we can’t disclose that at the moment. Maybe in the future. But what I can say is this: We want as much BTC as we can possibly get — and we’re going to keep working on that.”

According to analytics firm Nansen, the U.S. government holds approximately 198,000 BTC, valued at around $2.35 billion at current market prices.

President Trump officially established the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile in March by signing an executive order.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Hines: “Donald Trump to Take Action on Bitcoin Reserve!” appeared first on Coin Engineer.

At the current Bitcoin price of $120,000, this amounts to roughly $3.4 billion. This has reignited debates about a massive Bitcoin liquidation under the Biden administration. However, on-chain analysis firm Arkham Intelligence reports no data supporting a large-scale sale. 

It was clarified that most of the 200,000 BTC are only seized assets not yet legally transferred to the government. Technically, the ownership of these BTC does not belong to the US government. 

Which Bitcoin Does the US Government Actually Own? 

According to FOIA documents from the US Marshals Service under the Department of Justice, only 28,988 BTC are currently held. These assets are legally forfeited cryptocurrencies. The government has full control over these coins. 

Meanwhile, the remaining 170,000 BTC are only seized (not yet forfeited). For example, around 94,000 BTC seized during the Bitfinex hack are in the process of being returned to creditors. If this happens, the government’s Bitcoin reserve will further decrease. 

Moreover, the “Strategic Bitcoin Reserve” plan proposed by Trump faces challenges. Many assets are not owned by the government but are temporarily controlled by agencies like the FBI or DEA. This invalidates claims that the government holds $24 billion worth of Bitcoin. The real figure is closer to $3.47 billion. 

Why Did the Sale Rumors Cause Fear? 

Last year, Bitcoin sales by various countries caused major volatility in crypto markets. This fueled fears that the Biden administration secretly sold Bitcoin. 

Prominent figures like Senator Cynthia Lummis have called for transparency. However, current data shows no evidence of large sales by the Biden administration. Intraledger transfers may have inflated the 200,000 BTC estimate, but this does not imply sales. Still, this discrepancy matters for investor confidence. 

I’m alarmed by reports that the U.S. has sold off over 80% of its Bitcoin reserves—leaving just ~29,000 coins. 

If true, this is a total strategic blunder and sets the United States back years in the bitcoin race. https://t.co/ciYf1uhy0x

— Senator Cynthia Lummis (@SenLummis) July 16, 2025

The US government does not hold 200,000 BTC. The actual amount of 28,988 BTC reveals a clear, verifiable reality beyond market fears and rumors. This affects both the liquidation rumors during Biden’s term and Trump’s reserve proposals. The crypto community continues to watch the situation closely. 

 You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Did the US Government Sell 85% of Its Bitcoin?  appeared first on Coin Engineer.

On June 20, Abbott signed 306 bills from the 89th Regular Legislative Session, including 15 that were considered high priority, such as those mandating efficiency audits for state agencies. Yet, the bill focused on Bitcoin was notably missing from the list.

Legal Framework for a Permanent Bitcoin Reserve in Texas

If passed, SB 21 would make Texas one of the first U.S. states to officially hold Bitcoin as a reserve asset. The legislation authorizes the state comptroller to use surplus funds from the General Revenue to purchase Bitcoin, under transparency and oversight protocols similar to those already applied to the Texas Gold Depository.

One standout feature of the bill is that it restricts eligible reserve assets to those with a market cap exceeding $600 billion for at least two consecutive years — a threshold currently met only by Bitcoin.

According to a statement from Abbott’s office, over 1,200 bills were submitted for his review this session, and SB 21 is still under consideration.

No Signature, No Problem?

Julian Fahrer, founder of Bitcoin Laws, criticized the governor’s silence, noting that Abbott has previously held press conferences for major bills. Fahrer called this a missed opportunity for a symbolic gesture in favor of crypto.

However, Fahrer also pointed out that under the Texas Constitution, any bill not vetoed or signed within 20 days of the legislature’s adjournment becomes law automatically. That means SB 21 could go into effect without Abbott’s signature as early as June 22.

Fahrer also drew attention to House Bill 4488, which Abbott did sign. The bill allows certain state-managed funds to be designated as permanent — potentially laying the legal groundwork for the proposed Bitcoin reserve. These funds could be held either inside or outside the state treasury, depending on future legislation.

Governor’s Silence Raises Questions

Governor Abbott’s lack of public action is particularly striking given his past support for the crypto industry. Just weeks ago, he shared news about SB 21 on his official X account, voicing enthusiasm for blockchain innovation in Texas. He has also backed legislation promoting crypto mining as a tool for economic development and energy grid resilience.

While the bill’s future still technically hangs in the balance, it could soon become law — with or without a signature — signaling a major step for Texas in aligning state policy with digital asset adoption.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Texas Bitcoin Reserve May Take Effect Without Governor’s Signature appeared first on Coin Engineer.

U.S. President Donald Trump announced his full support for the BITCOIN Act, reintroduced by Senator Cynthia Lummis. The law proposes that the U.S. government purchase 1 million BTC within five years. These purchases are planned to be made using existing resources from the Federal Reserve System and the Treasury Department, without imposing additional burdens on taxpayers. 

Senator Lummis spoke at the Bitcoin 2025 Conference in Las Vegas. She stated that the Trump administration has formed an active team working on digital assets, focusing on topics such as stablecoins, market structure, and the BTC Strategic Reserve. Furthermore, Lummis declared: 

“I present the BITCOIN Act to the attention of the American people and the world,” adding, “President Trump supports the bill.” 

At the Bitcoin Conference, Lummis explained that the Trump administration has a team working on regulations for digital assets like stablecoins, market structure, and the Bitcoin Strategic Reserve. 

“These issues will likely be addressed sequentially,” she said. 

She also announced, “The Senate Banking Committee has approved the stablecoin bill.” 

“We are very close to bringing the bill to a vote. We have worked for hours to reach a consensus with the minority party. The vote must happen before this recess ends,” she added. 

In March 2025, Trump signed an executive order establishing the Strategic BTC Reserve, which includes about 200,000 BTC owned by the U.S. This reserve aims to strengthen the U.S.’s leadership in digital assets and enhance its economic security. 

If the BITCOIN Act is passed, the U.S. government will own about 5% of the total BTC supply. Additionally, stablecoins have become one of the most significant use cases of blockchain technology. Industry experts say stablecoins could enhance the dominance of the U.S. dollar as the world’s global reserve currency. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Law on the Agenda with Trump’s Support! appeared first on Coin Engineer.

Bitcoin Reserve Controversy

In his letter to U.S. Treasury Secretary Scott Bessent, Gerald E. Connolly stated that the proposed cryptocurrency reserve by the Trump administration lacks economic justification. He further warned that the government favoring specific digital assets through social media could disrupt the market.

According to Connolly, establishing such a reserve holds no strategic benefit for taxpayers. The Federal Reserve (FED) also criticized the initiative, calling it “the dumbest idea ever.”

Trump and Crypto Conflict of Interest

Connolly pointed out that the Trump administration did not consult Congress before moving forward with the Bitcoin reserve plan and did not receive any official authorization. He also accused Trump of a conflict of interest, as the Trump Organization owns the crypto platform World Liberty Financial and has profited significantly from the Official Trump (TRUMP) memecoin.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The Democrat lawmaker described the TRUMP token as “Trump’s most lucrative get-rich scheme yet.” Other Democrats, including Maxine Waters, also criticized the token, arguing that Trump’s crypto initiatives do not serve the public good.

Treasury Department’s Response Awaited

Connolly has requested the U.S. Treasury Department to provide documents detailing the creation of the Bitcoin reserve and to clarify what steps the Trump administration has taken to prevent conflicts of interest. He also inquired about which crypto assets the government currently holds.

Meanwhile, the White House stated that the Strategic Bitcoin Reserve would only consist of cryptocurrencies seized in federal criminal or civil cases and would be managed through budget-neutral strategies. The Digital Asset Stockpile, on the other hand, would include non-Bitcoin cryptocurrencies, such as XRP, Solana, Cardano, and Ethereum.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Democrat Lawmaker Opposes Trump’s Bitcoin Reserve Plans! appeared first on Coin Engineer.

Saylor’s Strategic Bitcoin Proposal

Strategy founder Michael Saylor presented his new strategy document at the White House Crypto Summit on March 7. Saylor stated, “Acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035.” According to the document, the US government should never sell its Bitcoin and could generate $10 trillion annually from its Strategic Bitcoin Reserve by 2045.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Saylor also mentioned that the US Treasury and Commerce Department would develop “budget-neutral” strategies to fund these acquisitions without adding costs to taxpayers.

On the same day, Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile, initially funded with crypto assets seized in criminal cases. While the order does not include an immediate plan to purchase more Bitcoin, detailed acquisition strategies are expected to be announced soon.

What Does 25% Supply Mean?

If the US government acquires 25% of Bitcoin’s total supply, it would hold approximately 5.25 million BTC. This figure far exceeds the 5% target proposed in the Bitcoin Act by Wyoming Senator Cynthia Lummis in July 2024.

Meanwhile, Saylor has continued to grow Strategy’s Bitcoin holdings. In February, he purchased an additional $2 billion worth of BTC, raising the company’s total to 500,000 BTC. This acquisition was funded by a $2 billion senior convertible note offering.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Michael Saylor Calls on the US to Acquire 25% of Bitcoin’s Total Supply! appeared first on Coin Engineer.

On March 6, President Donald Trump signed an executive order officially establishing the US Strategic Bitcoin Reserve (SBR). According to this order, any Bitcoin obtained through criminal or civil asset forfeiture proceedings will be added to the reserve.

However, federal agencies must conduct a detailed audit to determine the exact amount of Bitcoin currently held by the US government.

November 2020: Silk Road Seizure (69,370 BTC)

On November 3, 2020, US authorities seized 69,370 BTC, marking the largest crypto seizure at the time, valued at $960 million.

The Bitcoin was confiscated from an unidentified hacker known as “Individual X”, who had stolen funds from the illicit online marketplace Silk Road. US officials traced these stolen Bitcoin through wallet addresses linked to Silk Road founder Ross Ulbricht before the platform was shut down in 2013.

In December 2024, a court rejected a motion to block the forfeiture of these Bitcoin, allowing the US Department of Justice to sell them. By that time, the value of 69,370 BTC had risen to $6.5 billion.

January 2022: Bitfinex Hack (94,636 BTC)

On January 31, 2022, US authorities seized 94,636 BTC from Bitfinex hacker Ilya Lichtenstein, after accessing his cloud storage account, which contained a file with 2,000 crypto wallet addresses and corresponding private keys.

The seized Bitcoin accounted for approximately 80% of the 119,754 BTC that Lichtenstein had stolen from Bitfinex.

Lichtenstein and his wife Heather Morgan managed to launder 25,111 BTC before authorities could intervene.

In late 2024, Lichtenstein was sentenced to five years in prison, while Morgan received an 18-month sentence. However, experts have noted that the stolen Bitfinex funds were only seized, not forfeited. As a result, these funds could potentially be returned to Bitfinex.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

March 2022: Second Silk Road Seizure (51,351 BTC)

In March 2022, US authorities seized 51,351 BTC from James “Jimmy” Zhong, another hacker linked to Silk Road.

Four months later, US officials discovered the Bitcoin hidden in an underground floor safe and a popcorn tin stored in Zhong’s bathroom closet. At the time, the 51,351 BTC was valued at approximately $3.38 billion, making it one of the largest financial asset seizures in US history.

The US Has Started Selling Seized Bitcoin

On March 14, 2023, the US government sold 9,861 BTC for $215.7 million, all of which came from the Zhong forfeiture case.

Although additional sales of seized Bitcoin were expected to take place in four separate batches throughout 2023, these sales never materialized.

In January 2025, the Department of Justice received approval to sell 198,109 BTC seized from Silk Road. However, the Biden administration did not act on this before Trump‘s inauguration on January 20.

The US Plans to Expand Its Bitcoin Reserve

While the Strategic Bitcoin Reserve will initially be funded only with forfeited BTC, the White House announced that the Commerce and Treasury Secretaries will explore ways to acquire more Bitcoin without incurring costs for US taxpayers.

Moving forward, Bitcoin held in the reserve will no longer be sold. White House AI and Crypto Czar David Sacks criticized the previous US administration for liquidating seized Bitcoin, arguing that the new approach signals a long-term commitment to Bitcoin ownership.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post How Much Bitcoin Does the US Hold, and Where Did It Come From? appeared first on Coin Engineer.

Some market analysts, however, believe this move could be bullish for Bitcoin in the long run. Here are four reasons why experts see this decision as a positive signal:

1. The Risk of a Bitcoin Ban Decreases

Bitwise Chief Investment Officer Matt Hougan stated that the creation of a U.S. Strategic Bitcoin Reserve significantly reduces the likelihood that the government will ever ban Bitcoin. Previously, the Federal Reserve Bank of Minneapolis suggested that Bitcoin could force the federal government to balance its budget, which could lead to regulatory restrictions. However, this scenario now seems far less likely.

2. Other Countries May Follow the U.S.’s Lead

The U.S. government’s move may encourage other nations to establish their own Bitcoin reserves. According to BitBO data, the U.S. currently holds 207,189 BTC, making it the largest state-held Bitcoin reserve. China follows with 194,000 BTC, while the United Kingdom holds 61,000 BTC. El Salvador, the only country that has made Bitcoin legal tender, has accumulated 6,103 BTC so far. Coinbase CEO Brian Armstrong suggested that this decision could influence G20 nations to adopt similar strategies.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

3. Bitcoin Becomes More Legitimate for Institutional Investors

The establishment of a U.S. Bitcoin reserve makes it more difficult for institutions like the International Monetary Fund (IMF) to label Bitcoin as dangerous or inappropriate for holding. The IMF has previously opposed Bitcoin investments by sovereign nations, pressuring El Salvador to halt its Bitcoin accumulation in exchange for a $1.4 billion financial aid package. However, the U.S. backing Bitcoin could weaken the IMF’s stance and encourage institutional adoption.

4. Fears of a U.S. Bitcoin Sell-Off Diminish

Bitwise Head of Research Ryan Rasmussen outlined key takeaways from the U.S. Bitcoin Reserve announcement:

• Other countries are now more likely to accumulate Bitcoin.
• Institutional investors have no excuse to avoid Bitcoin.
• The fear of a U.S. Bitcoin sell-off is now gone.
• The likelihood of state governments buying Bitcoin has increased.
• The probability of the U.S. government banning Bitcoin is now effectively zero.

Crypto lawyer John Deaton pointed out that Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick have been instructed to find “budget-neutral” ways to acquire more Bitcoin. ETF Store President Nate Geraci added, “Two years ago, people would have laughed at the idea of the U.S. government creating a Bitcoin reserve.”

Despite an initial drop, Bitcoin (BTC) quickly rebounded and reached $88,200 at the time of writing.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post 4 Reasons Why Trump’s Bitcoin Reserve is Actually Bullish! appeared first on Coin Engineer.

Utah’s Strategic Bitcoin Reserve Law: Initial Steps and Future Predictions

Dennis Porter, Founder and CEO of Satoshi Act Fund, stated in an interview with Simply Bitcoin that he is confident Utah will be the first state in the U.S. to pass a strategic Bitcoin reserve law. He also mentioned that currently 11 states have introduced such legislation, and he predicts this number could reach 15 by the end of the year.

Utah’s Fast Legislative Process and Digital Asset Taskforce

Porter emphasized that Utah has the shortest legislative approval process, taking only 45 days. He highlighted that Utah has a digital asset taskforce specifically focused on cryptocurrency and Web3 bills, and that every bill passed by this taskforce has become law. The strategic Bitcoin reserve law also successfully passed through this process.

The Importance of Bitcoin Reserves for States

Porter pointed out the importance of Bitcoin reserves for states in protecting their limited budgets. He explained that states’ budgets are dependent on tax revenues and are vulnerable to the devaluation of the dollar. However, with Bitcoin reserves, states can diversify their assets and protect their funds, thereby safeguarding their programs from potential losses at the federal level.

Senator Cynthia Lummis, who is working to pass a federal strategic Bitcoin reserve law, agreed with Porter, acknowledging that states are leading the way in this area. She also recognized the significant advantages Bitcoin reserves offer to states.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Satoshi Act Fund CEO: Utah to be First State with Strategic Bitcoin Reserve appeared first on Coin Engineer.