U.S. Strategic Bitcoin Reserve Faces Losses and Transparency Issues

President Donald J. Trump announced the establishment of the U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile on March 6, 2025, positioning the United States as a leader in digital asset strategy without using taxpayer funds.

According to Arkham data, the reserve currently holds approximately $28.7 billion in crypto assets, down from over $42 billion in early October and $30 billion since the executive order. The portfolio includes 326,500 Bitcoin (BTC) and various altcoins, many of which have underperformed, with some declining by up to 98%. However, there is no public accounting of the holdings, and estimates vary—BitBo, for instance, reports only 198,000 BTC.

David Sacks, Chair of the Presidential Working Group on Digital Asset Markets, hailed the initiative as a bold step for national security and economic leadership. Meanwhile, the Trump family has profited from their crypto ventures, such as World Liberty Financial, which launched the WLFI token and generated up to $5 billion in paper wealth for the family, who hold nearly a quarter of all tokens.