Key Takeaways
- President Trump's administration is preparing to reveal the structure of the U.S. strategic bitcoin reserve.
- Bitcoin has risen 50% since April lows, nearing its $112,000 all-time high.
- The U.S. government is considering ways to expand its 200,000 BTC reserve without new taxpayer funding.
Bitcoin is trading just below its all-time high of $112,000, set in May, following confirmation from President Donald Trump’s administration that an “extraordinary” update to the U.S. strategic bitcoin reserve is imminent.
Upcoming strategic reserve announcement
Bo Hines, executive director of the president’s council of advisers on digital assets, told podcaster Scott Melker that the reserve’s architecture will be revealed soon.
Hines told Melker:
When we’re ready to announce that, which I’m sure will be in short order, I think that this community will be extremely pleased.
Strategic reserve proposal
Trump first proposed the reserve during the Bitcoin 2024 conference and signed an executive order establishing it in March after returning to the White House.
The U.S. already holds around 200,000 BTC, and officials are exploring ways to expand that without using taxpayer dollars—such as leveraging tariff revenue or revaluing gold certificates.
Market impact & economic concerns
Momentum around the plan has pushed Bitcoin up roughly 50% since April lows, despite broader economic concerns, including a $37 trillion U.S. debt warning.
International collaboration
Last week, Hines met with El Salvador’s President Nayib Bukele—whose country holds 6,000 BTC—to discuss potential collaboration.
Stacy Herbert of El Salvador’s bitcoin office described it as a meeting between “the aspiring bitcoin superpower” and the “OG bitcoin country.”
Legislative support
At the Bitcoin 2025 conference, Senator Cynthia Lummis noted Trump’s support for her Bitcoin Act, which would authorize the U.S. to acquire 1 million BTC over five years using existing Federal Reserve and Treasury funds.
