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Trump Admin Seeks to Acquire Maximum Bitcoin for Strategic Reserve, Aiming for Budget Neutrality

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Updated Mar 14, 2025, 10:21 AM

The Trump administration has expressed its intention to acquire as much Bitcoin as possible for a U.S. government Strategic Bitcoin Reserve, according to a White House official. This statement was made by Bo Hines, executive director of the Presidential Working Group on Digital Assets, during a closed-door roundtable hosted by the Bitcoin Policy Institute with crypto industry leaders. Hines emphasized the government's aim to accumulate Bitcoin without any limit. The White House official clarified that any Bitcoin acquisitions would be conducted in a 'budget neutral' manner, ensuring no additional cost to taxpayers. This approach aims to bolster the Strategic Bitcoin Reserve established by President Donald Trump's recent executive order. The administration's stance on Bitcoin accumulation has sparked debate, particularly regarding the feasibility of maintaining budget neutrality. The discussion took place following a public 'Bitcoin for America' policy summit, attended by notable figures in the Bitcoin industry, including Michael Saylor, Fred Thiel, Nathan McCauley, and David Bailey, as well as three U.S. senators: Cynthia Lummis, Bill Hagerty, and Bernie Moreno. During the roundtable, Senator Lummis reintroduced the Bitcoin Act, which would require the U.S. government to purchase up to 1 million BTC, valued at approximately $80 billion, and enshrine the Strategic Bitcoin Reserve into law. The Federal Reserve would fund these purchases by reevaluating its gold certificates at current market prices. It is estimated that the U.S. government currently holds nearly 200,000 BTC, acquired through civil and criminal forfeitures.

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Sources

decrypt.co(4)coinpost.jp

Cointelegraph

@Cointelegraph

🇺🇸 UPDATE: A White House official told crypto leaders that the Trump administration wants to acquire as much #Bitcoin as possible, but only in a “budget neutral” way that won’t cost taxpayers. https://t.co/tsLq1uwcct