- A White House official confirmed plans to acquire more Bitcoin while ensuring purchases remain budget-neutral and do not burden taxpayers.
- The discussion took place during a private roundtable with crypto leaders, including Michael Saylor, Fred Thiel, and Nathan McCauley.
- The Treasury Department held meetings with crypto custodians to discuss securing the government’s Bitcoin reserves and future acquisition strategies.
A White House official confirmed that the Trump administration is pursuing an aggressive Bitcoin acquisition plan to build a Strategic Bitcoin Reserve while keeping expenditures budget neutral. The announcement came during a meeting with prominent crypto industry leaders.
White House Bitcoin Acquisition Strategy
During a closed-door roundtable hosted by the Bitcoin Policy Institute, Bo Hines, executive director of the Presidential Working Group on Digital Assets, outlined plans to accumulate as much Bitcoin as possible. He compared questions about acquisition size to asking how many dollars one would want. Attendees reported that the approach aims to strengthen the nation’s digital reserve without affecting taxpayers.
A tweet from Bitcoin Magazine noted that a White House official explained the administration’s intent to maximize Bitcoin purchases. This message reinforces the commitment to expand government-held Bitcoin through strategic acquisitions. The official clarification emphasized that all purchases would occur in a budget-neutral manner. The focus remains on reinforcing a secure and stable reserve while maintaining fiscal discipline.
Industry Roundtable and Legislative Discussion
The private roundtable took place following a public “Bitcoin for America” policy summit and included top Bitcoin industry figures. Participants included Michael Saylor, CEO of Strategy; Fred Thiel, CEO of MARA Holdings; Nathan McCauley, CEO of Anchorage Digital; and David Bailey, CEO of Bitcoin Magazine. U.S. senators Cynthia Lummis, Bill Hagerty, and Bernie Moreno also attended the meeting.
During the discussion, an attendee asked Hines whether the White House supported proposed legislation known as the Bitcoin Act. This bill suggests that the government purchase up to one million BTC, valued at around $80 billion. Hines turned to Senator Lummis to indicate that the administration would support legislation to formalize a Strategic Bitcoin Reserve. Officials clarified that no specific bill was endorsed during the session, yet pressure will be applied to ensure favorable legislative outcomes.
Government Safeguarding and Future Prospects
The U.S. Treasury Department recently met with executives from three crypto custody firms to discuss safeguarding the proposed reserve. Anchorage Digital, a key custodian, participated in these meetings with Treasury officials. The discussions are part of a broader effort to ensure the secure management of the nation’s digital assets.
Current estimates indicate that the government holds nearly 200,000 BTC, mainly acquired through civil and criminal forfeitures. Senior White House officials have stressed that any further Bitcoin purchases must remain budget-neutral. The plan aims to expand the reserve while protecting taxpayer interests and strengthening national financial security. Meetings and discussions like these reflect a coordinated effort to integrate Bitcoin into government operations. The approach demonstrates a careful balance between aggressive asset accumulation and strict fiscal responsibility.
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