Federal agencies have not yet submitted the required reports for the creation of the Bitcoin Strategic Reserve and the digital asset stockpile.
A recent Freedom of Information Act (FOIA) request filed by The Rage highlighted delays in the implementation of the Strategic Reserve initiated under the Trump administration. Documents obtained from the U.S. Treasury reveal that, despite presidential directives, federal agencies have still not provided the necessary reports to launch the project.
On March 6, President Trump issued an executive order requiring federal agencies to review their powers to transfer digital assets to the Strategic Reserve. The reports were supposed to be submitted to the Treasury Department within 30 days of the order’s issuance, with a deadline set for April 5, 2025.
However, the Treasury’s response to the FOIA request revealed that the requested documents were never received. Instead of providing the reports, the Treasury redirected the request to the individual agencies responsible for seizures and forfeitures, including the IRS, Homeland Security Investigations, and the Secret Service.
Previous journalistic investigations have also highlighted discrepancies in estimates of bitcoins held by the U.S. government. While public estimates indicate roughly 200,000 BTC in government possession, official data from the U.S. Marshals Service, the agency responsible for federal forfeiture programs, show only 30,000 BTC. This difference is not due to government sales but rather to the distinction between seized funds (which could be returned to victims) and forfeited funds counted as government property.
