Key Takeaways
- Bo Hines confirms the Trump administration's commitment to a strategic Bitcoin reserve.
- The recent White House digital asset report omitted mention of the Bitcoin reserve, but officials say plans remain active.
- The US government’s current bitcoin holdings are undisclosed, though estimates put them at 198,000 BTC.
The Trump administration remains committed to a strategic Bitcoin reserve, according to Bo Hines, executive director of the US President’s Council of Advisers on Digital Assets.
Despite the reserve’s absence from a recent digital assets policy report, Hines stressed ongoing work to accumulate bitcoin for national interests.
Strategic reserve plans continue
In a recent interview, Hines reiterated the administration’s intent:
“We do believe in accumulation. We have it, it’s been established […] we also have the strategic national digital assets stockpile.”
He noted that bitcoin stands apart from other digital assets, emphasizing its unique value and the administration’s focus on building a robust infrastructure for long-term success.
Hines added there are “countless ways” the government can accumulate bitcoin and that progress will be seen “in short order.”
Omission from latest policy report
The President’s Working Group on Digital Asset Markets released new recommendations this week to enhance American leadership in digital financial technology, but the strategic Bitcoin reserve was not mentioned.
Hines responded by reaffirming the priority of the reserve and the administration’s support for the bitcoin community, stating:
“We understand the importance of the strategic Bitcoin reserve, we’re enormous fans of Bitcoin and the Bitcoin community, we want to deliver for them as well, and I’m certain that we will.”
Government holdings remain undisclosed
When asked about the federal government’s bitcoin holdings, Hines declined to provide details:
“There are several reasons we’re not disclosing that right now, there might be a time when we do, but I will say we want as much as we can possibly get […] and we’re going to continue to work on that.”
Independent estimates suggest the US government holds around 198,000 BTC.
For a detailed breakdown of current and historical US government bitcoin holdings, see Bitbo’s tracking resource.
President Trump established the Strategic Bitcoin Reserve and US Digital Asset Stockpile via executive order in March, reflecting an emerging focus on bitcoin reserves at the federal level.
