In bitcoin’s earlier years, long before today’s lofty prices, the U.S. government offloaded large portions of its holdings for a fraction of what they’d fetch now. But in 2025, the 47th U.S. President, Donald Trump, flipped the script—officially launching the Strategic Bitcoin Reserve (SBR) and declaring the country would no longer sell its BTC.
United States SBR holdings as of July 14, 2025, with daily profit and loss.
Trump enacted the plan through an executive order on March 6, 2025, when bitcoin was trading around $90,000 per coin. Fast forward to today, and bitcoin is hovering at $121,756. That means the government’s cache of 198,012 BTC has ballooned by $6.95 billion since March 6.
The total value of the bitcoin stash now sits at $24.85 billion. In addition to its bitcoin holdings, the U.S. government also owns 59,951 ETH. Back on March 6, that ethereum pile was worth $131.91 million. As of July 14, the collective ether value has jumped to roughly $182.32 million.
Looking back over the last five years, records show the government routinely shifted ETH to exchanges like Coinbase, while its bitcoin holdings have remained relatively untouched. Among nation states, the U.S. leads the pack in total BTC held, trailed by the United Kingdom, Bhutan, and El Salvador. With bitcoin up more than 30% year to date, every one of these countries has watched its BTC holdings climb in value.
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