Strike CEO Highlights US Government’s Bitcoin Audit Delay as Potentially Bullish Indicator
Jack Mallers, CEO of Strike, raised concerns about the US government's undisclosed Bitcoin holdings, suggesting that the administration is withholding information due to its insufficient position in the digital asset market. He stated that the Strategic Bitcoin Reserve (SBR) initiative is ongoing and criticized the lack of transparency regarding the government’s Bitcoin assets.
- The US government has not disclosed its Bitcoin holdings.
- Executive Order 14233 established the SBR, emphasizing Bitcoin's value in the financial system.
- A recent digital-assets strategy document provided no specific figures on Bitcoin holdings.
- The US Marshals Service reportedly holds only 28,988 BTC, contrary to earlier estimates of over 200,000 BTC.
- Mallers speculated that prior administrations may have sold off significant amounts of Bitcoin.
- Bitcoin price currently stands at $114,572, with a year-on-year increase exceeding 100%.
- Senator Cynthia Lummis reintroduced a bill for the Treasury to acquire up to one million BTC over five years.
Mallers believes that if the US aims to assert itself as a leader in crypto, it must increase its Bitcoin reserves.
