The Trump administration wants to accumulate as much Bitcoin as possible, but insists any purchases must be budget neutral.
Sen. Cynthia Lummis’ Bitcoin Act proposes buying $80 billion in BTC, using revalued gold reserves instead of taxpayer funds.
The U.S. Treasury is meeting with crypto custody firms, exploring secure storage options for the country’s growing Bitcoin holdings.
The Trump administration has made it clear: it wants as much Bitcoin as possible. At a closed-door roundtable earlier this week, Bo Hines, executive director of the Presidential Working Group on Digital Assets, told industry leaders that the U.S. is serious about building its Bitcoin reserves.
JUST IN: 🇺🇸 White House official states the Trump administration wants to acquire as much Bitcoin $BTC as possible 👀
When asked exactly how much BTC the U.S. plans to acquire, Hines reportedly laughed it off, comparing it to asking how many dollars someone would want. However, a White House official later clarified that any government purchases would be “budget neutral”—meaning no cost to taxpayers.
Translation? The U.S. wants more BTC, but it’s not planning to spend directly on it.
At the event, Hines was asked whether the White House supports the Bitcoin Act, a bill introduced by Sen. Cynthia Lummis (R-WY) that would require the U.S. to buy one million BTC (~$80 billion) and legally establish Trump’s Strategic Bitcoin Reserve.
Hines turned to Lummis and confirmed the White House supports legislation to put the Bitcoin Reserve into law, pledging to push for its passage.
However, a White House official later clarified that Hines did not endorse any specific bill, only the idea of securing Bitcoin reserves.
Treasury Weighs Bitcoin Custody Options
Meanwhile, the U.S. Treasury Department has been meeting with top crypto custody firms, including Anchorage Digital, to discuss how to secure the nation’s growing Bitcoin reserves.
Currently, the U.S. government holds nearly 200,000 BTC, mostly seized in criminal and civil forfeitures. Senior officials have suggested that acquiring more Bitcoin is on the table, but only if it remains budget neutral.
How Would the U.S. Buy $80B in Bitcoin Without Spending Taxpayer Money?
Lummis’ Bitcoin Act proposes a workaround—instead of directly buying Bitcoin, the Federal Reserve would revalue its gold certificates (which haven’t been adjusted since 1971) and use the gains to fund BTC purchases.
Gold has surged over 6,800% since then, meaning a massive untapped value could be unlocked—if the plan gets approval.
For now, the debate continues. How much Bitcoin is enough? And will the U.S. actually go all-in?
