{"id":16518,"date":"2025-11-24T16:13:09","date_gmt":"2025-11-24T16:13:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trumps-bitcoin-reserve-is-underwater-and-unaudited\/"},"modified":"2025-11-24T16:13:14","modified_gmt":"2025-11-24T16:13:14","slug":"trumps-bitcoin-reserve-is-underwater-and-unaudited","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trumps-bitcoin-reserve-is-underwater-and-unaudited\/","title":{"rendered":"Trump\u2019s Bitcoin reserve is underwater\u2014and unaudited"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">President Trump officially announced the plan for a U.S. Strategic Bitcoin Reserve on March 6. Since then, the digital asset stockpile\u2019s returns are now in the red, and no public accounting is in sight.<\/p>\n<div id=\"cn-block-summary-block_e768d727059af44a07213e0693a55224\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>U.S. strategic crypto reserve is losing value as altcoins underperform<\/li>\n<li>There\u2019s still no public accounting of how much crypto the U.S. government holds<\/li>\n<li>Assets are mostly comprised of crypto seized from criminals<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to Arkham data, the U.S. government currently holds $28.7 billion in crypto assets. This is down from over $42 billion in early October, and down from $30 billion since Trump <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2025\/03\/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"nofollow\">signed<\/a> an executive order.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">U.S. government cumulative balance of crypto holdings | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/intel.arkm.com\/explorer\/entity\/usg\" target=\"_blank\" rel=\"nofollow\">Arkham<\/a><\/figcaption><\/figure>\n<p>Most of the value of this reserve comes from 326,500 Bitcoin (BTC), valued at around $28 million, according to Arkham. What is more, much of the fund\u2019s underperformance came from altcoins, some of which were down 98% in that period.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Where is <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/DavidSacks?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@DavidSacks<\/a> &#8220;The Crypto Czar&#8221; who sold everything at the Top.. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/Gl6yNaUB9c\">pic.twitter.com\/Gl6yNaUB9c<\/a><\/p>\n<p>\u2014 Marc Cohodes (@AlderLaneEggs) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/AlderLaneEggs\/status\/1991873617311969340?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Still, with no real public accounting of the reserves, the value is just an estimate. <\/p>\n<p>CoinGecko and BitcoinTreasuries.net agree with Arkam\u2019s estimate. BitBo, however, puts the reserves at 198,000 BTC, which is around a $10 billion difference.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">No accounting in sight<\/h2>\n<p>The executive order that established the Strategic Bitcoin Reserve planned for a stockpile of other digital assets, largely seized through civil and criminal forfeiture.<\/p>\n<p>At the time, markets saw this as a move toward legitimizing crypto assets and potential accumulation. However, the U.S. government has not yet invested directly in Bitcoin or any other crypto asset. Instead, the strategic reserve and stockpile mostly meant that the U.S. would not sell the assets it already owns.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Why it matters<\/strong><\/h2>\n<p>As most of America speculates whether crypto will generate any substantial value, Trump and his sons are doing just fine. The first family raked in more than $800 million from sales of crypto assets in the first half of 2025 alone, according <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/investigations\/inside-trump-familys-global-crypto-cash-machine-2025-10-28\/\" target=\"_blank\" rel=\"nofollow\">to<\/a> Reuters.<\/p>\n<p>Therefore, it makes sense that Eric Trump sees the ongoing crypto slump as no big deal.<\/p>\n<p>Investors should \u201cbuy dips\u201d and \u201cembrace volatility,\u201d he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-23\/bitcoin-crash-hits-crypto-wealth-of-donald-trump-s-family-and-followers?srnd=homepage-americas\" target=\"_blank\" rel=\"nofollow\">told<\/a> Bloomberg News. But while everyday retail investors can only sit back, watch Bitcoin tumble, and hope for a rebound, the Trump family is playing a different game: they\u2019re literally minting tokens, selling them, and pocketing cash along the way. <\/p>\n<p>Through their co-founded platform, World Liberty Financial, the family sees paper losses on their holdings, but they still rake in a slice of every token sale.<\/p>\n<p>In September, the Trump family <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/currencies\/trump-family-amasses-6-billion-fortune-after-crypto-launch-567faec5?gaa_at=eafs&amp;gaa_n=AWEtsqdHGUjtqBc4QTIIutovCA03_swoIjrPZwvxteoE-N-DBMM54GqVFcRqcM0EpYw%3D&amp;gaa_ts=692481b8&amp;gaa_sig=dphRgGPe6OzkH7n5eloWlBdCTlmNvgwrGHTHsZ9Bwy3rhQG-Dzb8KPsOAxBP_R1TuSFpQ4-jViINz60nsNPxdA%3D%3D\" target=\"_blank\" rel=\"nofollow\">scored<\/a> up to $5 billion in paper wealth after their flagship crypto venture launched trading of the WLFI digital token. The move, similar to an initial public offering, lets the public buy and sell the tokens on the open market, something early private buyers couldn\u2019t do. <\/p>\n<p>The family\u2014including President Trump, who is listed as \u201cCo-Founder Emeritus\u201d\u2014holds nearly a quarter of all WLFI tokens, making this likely their biggest financial win since the inauguration.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Trump officially announced the plan for a U.S. Strategic Bitcoin Reserve on March 6. Since then, the digital asset stockpile\u2019s returns are now in the red, and no public&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16518"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16518\/revisions"}],"predecessor-version":[{"id":16519,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16518\/revisions\/16519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9205"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}