White House officials: The first step in establishing a strategic digital asset reserve is to audit the government's existing cryptocurrency holdings

ChainCatcher news, according to Bloomberg, a senior White House official stated today before an industry summit that the first step after establishing a strategic Bitcoin reserve and other digital asset reserves for the United States will be to audit how much cryptocurrency the government holds.

The official mentioned that after the Silk Road exchange was shut down, the U.S. once held about 400,000 Bitcoin tokens, with approximately half of that amount sold off. According to Arkham's data, the U.S. currently holds about $17.5 billion in Bitcoin and approximately $40 million in several other tokens in its known digital wallets.