Bitcoin Price Gains as U.S. May Need to Reaccumulate Thousands of Coins

The price of Bitcoin has rebounded sharply following yesterday’s dip to $115,807.32, climbing back above $118,571.79 according to live pricing data from Bitcoin Magazine Pro. The drop came shortly after the White House released its highly anticipated 166-page report on digital assets—but failed to address one of the most eagerly awaited updates: how much Bitcoin the U.S. government actually holds in its newly created Strategic Bitcoin Reserve.

Earlier this year, President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve and U.S. Digital Assets Stockpile. At the time, White House AI & Crypto Czar David Sacks stated, “It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings. The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold.’”

However, the White House’s latest digital assets report, released yesterday, made no mention of how much BTC the Strategic Reserve currently holds. That silence helped lead to a brief but sharp selloff in the market—until new details began to emerge.

According to a recently surfaced FOIA request dated March 24, 2025, and filed with the U.S. Marshals Service (USMS), the government agency confirmed it currently holds only 28,988.35643016 BTC. The official response was sent July 15, 2025, from the Office of General Counsel, with confirmation that the records originated from the Asset Forfeiture Division.

L0la L33tz, the journalist who obtained the records, reported: “US Marshal Service liquidates assets in public auctions, so unless they announced a sale, this list should be accurate. Total BTC holdings are 28,988.35643016, or approx. $3.44 Billion at current price.”

Notably, the Department of Justice had been cleared to sell 69,370 BTC before Trump took office, with no recent public auctions announced since then.

Although, Bitcoin bulls were reinvigorated after Bo Hines, Executive Director of the President’s Council of Advisers for Digital Assets, responded in a follow-up interview: “We understand the importance of this Strategic Bitcoin Reserve…We do believe in accumulation. There are countless ways we can engage in that.”

If the U.S. government truly holds significantly less than the previously estimated 200,000 BTC, and intends to buy more at current prices above $118,000, the pressure on available supply could be immense and send the asset to new all-time highs. As Hines emphasized multiple times now, the U.S. wants to accumulate as much bitcoin as they can get, repeatedly referring to it as “digital gold.”

Further fueling speculation, Hines noted that the administration is exploring “budget neutral” ways to buy BTC—one of which is revenue from tariffs. Just this week, the White House announced it had collected $150 billion in tariff revenue over the last six months.

This post Bitcoin Price Gains as U.S. May Need to Reaccumulate Thousands of Coins first appeared on Bitcoin Magazine and is written by Nik.