The price of Bitcoin rises as we need to re-accumulate thousands of coins

According to live price data from Bitcoin Magazine Pro, Bitcoin prices have recovered sharply to $115,807.32 from yesterday’s DIP, climbing above $118,571.79. This 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 enthusiastic and long-awaited updates. Bitcoin is actually held in the newly created strategic Bitcoin reserves by the US government.

Earlier this year, President Donald Trump signed an executive order to establish strategic Bitcoin reserves and stockpiles of US digital assets. At the time, White House AI & Crypto Czar David Sacks said: gold. ‘”

However, the latest White House digital assets report released yesterday does not mention how much BTC the strategic reserve currently holds. That silence helped lead to short but sharp selling in the market. New details are beginning to appear.

According to a recently surfaced FOIA request dated March 24, 2025, the agency has confirmed that it currently holds only 28,988.35643016 BTC, according to a filing with the US Former s-Service (USMS). The official response was sent by the General Advisory Bureau on July 15, 2025, confirming that the records were sent from the Asset Forfeiture Department.

Recorded journalist L0LA L33TZ reported: “The US Former S-Service has settled assets at public auctions, so unless you announce a sale, this list must be accurate.

In particular, the Justice Department was allowed to sell 69,370 BTC before Trump took office.

However, Bitcoin Bulls was revitalized after Boheins, executive director of the Council of Advisors for Digital Assets, responded in a follow-up interview. “We understand the importance of this strategic Bitcoin reserve… We believe in accumulation. There are countless ways we can engage in it. ”

If the US government is significantly less than the previously estimated 200,000 BTC, and if it intends to buy more than $118,000 at its current price, the pressure on available supplies is immeasurable and could send assets to a new history high. As Hines has emphasized many times now, the US wants to accumulate as much Bitcoin as they can get, repeatedly calling it “digital gold.”

Hines further fueled speculations and noted that the administration is seeking a “budget-neutral” way of purchasing BTC. One of them is income from customs duties. Just this week, the White House announced it had raised $150 billion in tariff revenue over the past six months.

The price of this Bitcoin first appeared in Bitcoin magazine and is written by NIK, as we may need to rework thousands of coins.