#BitcoinReserveDeadline Overview
On May 5, 2025, the U.S. Treasury Secretary—Scott Bessent—faces the deadline to deliver a comprehensive assessment and plan for establishing and managing a Strategic Bitcoin Reserve (SBR), as mandated by President Trump’s March 6, 2025 executive order. This report must detail how seized Bitcoin (and potentially other digital assets) will be capitalized, held, and deployed under the new reserve framework, effectively creating a “Digital Fort Knox.” The deadline looms amid speculation that the announcement could trigger renewed price momentum for Bitcoin and influence global approaches to sovereign crypto reserves.
Background & Executive Order
Executive order signed March 6, 2025: Directs creation of two new custodial frameworks within Treasury—the Strategic Bitcoin Reserve (BTC seized via forfeiture) and a broader Digital Asset Stockpile (other seized tokens). Agencies have 30 days to transfer assets; Treasury then has 60 days to submit an evaluation of legal, investment, and operational considerations.
Purpose: To leverage government‑held crypto as strategic assets, bolster U.S. leadership in digital finance, and avoid past losses from premature asset sales (estimated forgone gains > $16 billion) .
Key Deadline Details
Date: May 5, 2025 (today)
Deliverable: Treasury Secretary’s report evaluating:
Legal framework for holding/securing seized BTC.
Investment policy & risk management.
Custodial account structures and legislative needs.
Mandate origin: Section 3(e) of Trump’s order—60 days after issuance .
Market & Industry Reaction
Bitcoin price action: BTC rose ~ 4.5% in 24 hrs leading up to deadline, hitting $71,200 amid “Digital Fort Knox” anticipation .
Analyst views: Some predict a post‑report rally to new all‑time highs if the plan signals robust government backing; others warn of volatility around implementation details .
Lobbying and commentary: Crypto firms welcome clarity; Senator Cynthia Lummis and Rep. Tim Scott debate feasibility and congressiona