#BitcoinReserveDeadline

Overview of the Bitcoin Reserve Deadline

On May 5, 2025, the U.S. Treasury was expected to release a report regarding the establishment of a Strategic $BTC

Bitcoin Reserve, as mandated by an executive order from President Trump issued on March 6, 2025. This order required the Treasury to consolidate seized Bitcoin into a national reserve and provide detailed evaluations and recommendations for managing these assets.

Key Details of the Executive Order

The executive order outlined several critical components:

Consolidation of Assets: The Treasury was tasked with consolidating all seized Bitcoin holdings into a Strategic Bitcoin Reserve. This reserve would be exclusively capitalized with Bitcoin obtained through civil and criminal forfeitures, explicitly prohibiting any sales of these assets.

Reporting Deadlines: Federal agencies were given 30 days to report their digital asset holdings to the Treasury and an additional 60 days for Treasury Secretary Scott Bessent to submit an evaluation detailing legal, custodial, and legislative recommendations for managing this new reserve.

Acquisition Strategies: The Treasury and Commerce Departments were instructed to explore budget-neutral strategies for acquiring additional Bitcoin while prohibiting new acquisitions of other digital assets unless tied to legal forfeiture proceedings.

Current Status as of May 5, 2025

As of the deadline on May 5, there has been no public update from the U.S. Treasury or Secretary Bessent regarding the anticipated report on the Strategic Bitcoin Reserve. This lack of communication has raised concerns about transparency and accountability in implementing such a significant financial initiative[1][2].

In summary, the U.S. Treasury missed its May 5 deadline to release its Strategic Bitcoin Reserve report, which was mandated by President Trump's executive order from March 6, 2025.