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The cryptocurrency world has been discussing President Trump's recently announced Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile all week.
This comes after Trump revealed on Truth Social the previous weekend that XRP, SOL, and ADA would be added. The curious thing is that XRP, SOL, and ADA have not been taken by the US government in any official manner.
Donald Trump’s signing Order
After Donald Trump's signing of the Strategic Bitcoin Reserve Executive Order (EO), David Sacks, the country's Crypto Czar, came to X to clarify a number of the EO's contents. Sacks stated that the U.S. government will not sell any of the coins it has collected and that a bitcoin reserve would be created.
Additionally, he said that Trump's executive order creates a U.S. Digital Asset Stockpile, which is made up of digital assets other than Bitcoin that have been lost in criminal or civil cases. He stated:
“The government will only purchase assets acquired through forfeiture procedures for the Stockpile.”
Zero Holdings in SOL, ADA, and XRP
This places ADA, XRP, and SOL in danger because the U.S. government owns these three assets, despite the fact that this has never been officially declared. These specific coins have never been in government custody after prior seizures, according to onchain analytics.
What is known is the amount of bitcoin that has been taken and made public by governments throughout the years. Onchain data shows that the state has little over 198,000 BTC in possession.
Conversion of other Coins
- ETH into BTC
According to current Bitcoin exchange rates, the 60,850 ETH that the Feds own is worth $122.96 million. This cache might be sold for 1,522.86 BTC. It also holds onto an additional 122 million USD, which may generate an additional 1,500 BTC or so. Also, the government has 750.722 wrapped bitcoin, which is worth $61.69 million. Because it is wrapped, it might stay that way or change back to native Bitcoin.
- BNB into BTC
The federal government also has 40,293 BNB, which is valued at $22.34 million. This may be added to the stockpile or sold for 276.86 BTC. In addition, the wallets of U.S. agencies hold $13.62 million in BUSD, a stablecoin that has been retired but is still convertible. They could earn an extra 168.76 BTC if they were sold and traded for Bitcoin.
- AUSDC into BTC
There is also $13.40 in AUSDC held by the government, which is worth about 166.08 BTC. All of the balances over $1 million excluding AUSDC add up to $49.97 million, which could be worth 619.27 BTC if sold at the current rate of exchange.
This suggests that the government could sell 5,004.55 BTC if it liquidated all of the coins, from ETH to all balances of $1 million and more. For improved portfolio control, some cryptocurrency assets might be moved into Bitcoin, as Trump's Crypto Czar has already pointed out.
