Key Takeaways
- The U.S. Treasury missed the May 5 deadline to release its Strategic Bitcoin Reserve report.
- President Trump's March 6 order mandated the consolidation of seized Bitcoin into a national reserve.
- No public updates have been issued despite clear 30- and 60-day deadlines for agency reporting and Treasury evaluation.
May 5 marked the deadline for the U.S. Treasury to deliver its mandated report on establishing a Strategic Bitcoin Reserve, yet no public update has been provided.
The requirement stems from an executive order issued by President Trump on March 6, 2025, directing the Treasury to consolidate seized Bitcoin holdings and formalize a national reserve.
Executive Order details
The executive order gave federal agencies 30 days to report their Bitcoin and other digital asset holdings to the Treasury, and 60 days for Treasury Secretary Scott Bessent to submit an evaluation detailing legal, custodial, and legislative recommendations for the new reserve.
Strategic Bitcoin Reserve & digital asset stockpile
The Strategic Bitcoin Reserve was to be capitalized exclusively with BTC obtained through civil and criminal forfeitures, explicitly barring sales and treating the assets as permanent national reserves.
The order also called for the creation of a broader Digital Asset Stockpile for other forfeited digital assets, with BTC held separately due to its fixed supply and unique role.
Acquisition strategies
Under the order, the Treasury and Commerce Departments were also instructed to explore budget-neutral strategies for acquiring additional BTC.
However, new acquisitions of other digital assets were prohibited unless tied to legal forfeiture proceedings.
Lack of communication
Despite the importance of the initiative and the clear deadlines outlined in the March 6 order, there has been no communication from the Treasury or Secretary Bessent as of the May 5 deadline.
