"To be revealed within weeks!" Is the US Strategic Bitcoin Reserve finally lifting the veil?

▲ Bitcoin (BTC) and US Dollar (USD) © Go Da-sol

The cryptocurrency market's attention is once again focused on the scale of US government-held Bitcoin, following White House remarks that details of the US government's 'Strategic Bitcoin Reserve' are expected to be unveiled within weeks.

According to crypto media outlet CoinDesk on May 6 (local time), Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets at the White House, stated at the Consensus Miami 2026 event that further announcements regarding the Strategic Bitcoin Reserve would be made "in the coming weeks."

Witt explained that the US government has been working for several months to centralize, enhance security, and conduct due diligence on the Bitcoin and other digital assets it currently holds. Following an executive order from President Donald Trump, the US government reportedly stopped the so-called 'fire sale' conducted by previous administrations and began a comprehensive audit of the cryptocurrency assets held by each agency.

He specifically pointed out issues with asset security systems, mentioning cases where some federal agencies stored cold wallets in desk drawers. He also emphasized that the alleged hacking of the U.S. Marshals Service's digital asset account is a prime example demonstrating the need for a Strategic Bitcoin Reserve. Earlier, on-chain analyst ZachXBT claimed that over $60 million was stolen from government-seized wallets in late 2025.

However, Witt did not disclose how much BTC and other cryptocurrencies the US government currently holds. He explained that "the priority is to securely store and organize the management system for these assets," and that details regarding the specific scale and structure might be partially revealed in future announcements. He also added that not all seized cryptocurrencies are automatically incorporated into the Strategic Bitcoin Reserve, and victim compensation is prioritized before the completion of legal forfeiture procedures.

Establishing the legal basis for the Strategic Bitcoin Reserve was also mentioned as a key task. Witt referred to Senator Cynthia Lummis's BITCOIN Act and Representative Nick Begich's American Reserves Modernization Act, stating that, in the long term, institutionalization through congressional legislative procedures is essential. However, the market also notes that it remains uncertain when Congress will actually pass the relevant legislation.

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