{"id":86614,"date":"2025-08-07T07:30:16","date_gmt":"2025-08-07T07:30:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=86614"},"modified":"2025-08-07T07:30:16","modified_gmt":"2025-08-07T07:30:16","slug":"us-delay-on-bitcoin-audit-is-a-bullish-red-flag-says-strike-ceo","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=86614","title":{"rendered":"US Delay On Bitcoin Audit Is A Bullish Red Flag, Says Strike CEO"},"content":{"rendered":"

Jack Mallers, founder and CEO of Strike, ignited fresh debate over Washington\u2019s still-undisclosed Bitcoin balance on Wednesday night, arguing that the US government is withholding the numbers because its position is \u201ctoo small to lead\u201d the digital-asset economy.<\/p>\n

\u201cThe US won\u2019t disclose their BTC holdings. Why? Because they realized they don\u2019t own enough,\u201d Mallers posted on X, adding that the Strategic Bitcoin Reserve (SBR) race is \u201cfar from over\u201d and \u201cI expect this to heat up.\u201d<\/p>\n

US Bitcoin Silence Hints At Bigger Problem<\/h2>\n

In a video attached<\/a> to the post, the 30-year-old entrepreneur expanded on the point. He praised the administration\u2019s decision in March to create an SBR but said the follow-through has fallen short: \u201cThe US government has kind of let us down in not giving us the full audit of how much Bitcoin the US government owns. \u2026 Clearly that information is sensitive or else they would disclose it. \u2026 I think that the US government is ashamed of its Bitcoin position.\u201d<\/p>\n

President Donald Trump\u2019s Executive Order 14233<\/a> on 6 March formally established the Strategic Bitcoin Reserve alongside a broader Digital Asset Stockpile, framing Bitcoin as a \u201cunique store of value in the global financial system.\u201d A follow-up White House fact sheet stressed the goal of \u201cpositioning the United States as a leader among nations in government digital-asset strategy.\u201d<\/p>\n

Yet when the administration unveiled its 163-page digital-assets strategy<\/a> on 30 July, the document offered only a fleeting reference to the SBR and no hard figures. Robert \u201cBo\u201d Hines\u2014executive director of the President\u2019s Council of Advisers on Digital Assets\u2014noted, \u201cI can\u2019t discuss that right now \u2026 There are several reasons we\u2019re not disclosing that at this time.\u201d<\/p>\n

Over the past months, Hines\u2019 tone was not apologetic. \u201cWe want as much Bitcoin as we can possibly get, and we\u2019re going to continue to work on that,\u201d he said in a separate interview, describing Bitcoin as \u201cdigital gold\u201d.<\/p>\n

For years analysts believed the US government controlled well over 200,000 BTC thanks to Silk Road<\/a>, Bitfinex-hack and other forfeitures. But a Freedom of Information Act response released in mid-July showed the US Marshals Service holding just 28,988 BTC\u2014about $3.3 billion at today\u2019s prices\u2014rekindling speculation that earlier administrations quietly liquidated a large share of the trove.<\/p>\n

Separate on-chain data confirm that federal wallets sent 30,175 BTC to Coinbase Prime as early as April 2024, with additional transfers worth $1.9 billion following in December 2024.<\/p>\n

Mallers seized on those numbers. \u201cI think the Democrats sold off a bunch of that Bitcoin, and they don\u2019t want to announce anything until they can build the position back,\u201d he said, calling the audit delay \u201ca branding problem\u201d for a country that bills itself as the future Bitcoin super-power.<\/p>\n

Market Backdrop<\/h2>\n

Bitcoin is trading above $114,000 after peaking at $123,000 last week, up more than 100 percent year-on-year. The float is already constrained: roughly 92 percent of all coins are mined, and large swaths sit in dormant or long-term-holder wallets. Should the Treasury accelerate SBR purchases\u2014as Mallers predicts\u2014the incremental buy-side pressure could tighten supply further.<\/p>\n

From Mallers\u2019 vantage point, the political embarrassment he describes is ultimately price-positive: \u201cIf the US wants to plant its flag as the crypto capital, it has no choice but to accumulate. That\u2019s the bullish takeaway. We\u2019re talking about a buyer with the deepest pockets on Earth.\u201d<\/p>\n

Whether Congress will backstop those purchases is another matter. Senator Cynthia Lummis has re-introduced a bill directing the Treasury to acquire up to one million BTC over five years, but appropriations committees have yet to schedule hearings.<\/p>\n

At press time, BTC traded at $114,572.<\/p>","protected":false},"excerpt":{"rendered":"

Jack Mallers, founder and CEO of Strike, ignited fresh debate over Washington\u2019s still-undisclosed Bitcoin balance on Wednesday night, arguing that the US government is withholding the numbers because its position is \u201ctoo small to lead\u201d the digital-asset economy. \u201cThe US won\u2019t disclose their BTC holdings. Why? Because they realized they don\u2019t own enough,\u201d Mallers posted […]<\/p>\n","protected":false},"author":0,"featured_media":86615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86614"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86614"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86615"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}