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Jack Mallers, founder and CEO of Strike, has turned on a new debate on the Bitcoin balance still recovered by Washington on Wednesday evening, claiming that the United States government is holding the numbers because its position is “too small to guide” the economy of the digital asset.
“The United States will not reveal their btc participations. Why? Because they realized that they do not have enough,” he published Mallers on X, adding that the strategic Bitcoin Reserve (SBR) race is “far from finite” and “I expect this to hear”.
US Bitcoin Silence suggests a bigger problem
In a video attached to the post, the 30 -year -old entrepreneur expanded on this point. He praised the administration’s decision in March to create an SBR, but said that the follow-Through was not up to it: “The United States government has disappointed us in not giving us the entire audit of how much Bitcoin has the government of the United States. … clearly that the information is sensitive or otherwise they would reveal it … I think the United States government is shameful of its Bitcoin position.”
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The executive order of President Donald Trump 14233 on March 6 formally established the strategic Bitcoin reserve together with a wider stock of digital activities, framing Bitcoin as a “single shop value in the global financial system”. An information sheet for the White House of Follow-Up underlined the goal of “positioning the United States as the leader among the nations in the government’s digital asset strategy”.
However, when the administration presented its 163 -page digital asset strategy on July 30, the document offered only a fleeting reference to the SBR and without difficult figures. Robert “Bo” Hines – Executive Director of the President’s Consultants on Digital Resources – noticed: “I can’t discuss it right now … There are several reasons why we do not reveal it right now”.
In recent months, Hines tone was not apologized. “We want all the bitcoin that we can get, and we will continue to work on this,” he said in a separate interview, describing Bitcoin as “digital gold”.
For years, analysts believed that the United States government controlled over 200,000 BTC thanks to Silk Road, Bitfinex-Hack and other losses. But a response from the Freedom of Information Act published in mid-July showed the service of the US Marshals in possession of only 28,988 BTC, approximately 3.3 billion dollars at today-reformulating prices, the speculation that the previous administrations had safely liquidated a large share of the Trove.
Separate data on chain confirm that the federal portfolios sent 30,175 BTC to Coinbase Prime already in April 2024, with further transfers for a value of $ 1.9 billion after December 2024.
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Maltir seized on those numbers. “I think the Democrats have sold a lot of that bitcoin, and they don’t want to announce anything until they manage to reconstruct the position,” he said, defining Audit delay “a branding problem” for a country that is based as the future superpower of Bitcoin.
Market background
Bitcoin is exchanged over $ 114,000 after reaching an $ 123,000 peak last week, with over 100 % on an annual basis. The float is already tied: about 92 percent of all coins is extracted and the large bands are on dormant or long -term wallets. If the treasure accelerated, the sbr-like purchases provides for malller-the incremental pressure on the purchase side, it could further tighten the supply.
From the point of view of Mallers, the political embarrassment it describes is ultimately positive at the prices: “If the United States want to plant his flag as a crypto capital, it has no choice but to accumulate. This is the upward takeaway. We are talking about a buyer with the deepest pockets on earth.”
The fact that the congress supports those purchases is another question. Senator Cynthia Lummis has reintroduced a bill that directs the treasure to acquire up to one million BTC in five years, but the commissions for allocations have yet to plan auditions.
At the time of printing, BTC exchanged $ 114,572.
First floor image created with Dall.e, graphic designer by tradingview.com