#BitcoinReserveDeadline

May 5, marks a significant deadline for the U.S. Treasury. Treasury Secretary Scott Bessent is required to submit a comprehensive assessment regarding the establishment and management of the Strategic Bitcoin Reserve. This evaluation stems from President Trump's executive order issued on March 6, 2025, which mandates the creation of a reserve funded by Bitcoin assets seized through legal proceedings .

The executive order outlines that the reserve will be capitalized with Bitcoin already held by the Department of the Treasury, acquired through forfeitures. These assets are to be maintained as reserve assets and are not to be sold, ensuring they serve as a stable financial resource for the nation .

In addition to the Bitcoin reserve, the order also establishes a United States Digital Asset Stockpile, comprising other digital assets obtained through similar means. The Treasury is tasked with developing strategies for the responsible stewardship of these assets, including considerations for acquiring additional Bitcoin, provided such strategies are budget-neutral and impose no additional costs on taxpayers