#BitcoinReserveDeadline

As of May 6, 2025, the U.S. Treasury has yet to release the anticipated report detailing the establishment and management of a national Strategic Bitcoin Reserve, which was due on May 5. This report, mandated by President Trump's executive order signed on March 6, is expected to outline how the government will utilize seized digital assets to build and manage the reserve

FXStreet

CoinGape

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The Strategic Bitcoin Reserve aims to mirror the concept of the U.S. Strategic Petroleum Reserve, serving as a digital hedge against fiat devaluation, global sanctions, or systemic market shocks. If approved, the government would cease auctioning seized Bitcoin and instead hold it as a monetary asset of national interest

FingerLakes1

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In the broader context, while the federal government moves toward formalizing a Bitcoin reserve, state-level initiatives show mixed progress. For instance, Florida recently abandoned its plans to establish a state-held Bitcoin reserve by killing off two key bills, HB 487 and SB 550

Cryptopolitan

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As the market awaits the Treasury's report, Bitcoin's price remains relatively stable. Currently, Bitcoin (BTC) is trading at $94,609, reflecting a modest increase of 0.31% from the previous close. The intraday high and low are $95,118 and $93,587, respectively.