White House Buying as Much Bitcoin as Possible, According to Official

During a private roundtable discussion on Tuesday, organized by the Bitcoin Policy Institute, Bo Hines, Executive Director of the Presidential Working Group on Digital Assets, shared that the Trump administration wants to acquire as much Bitcoin (‌BTC) as possible. This was reported by several attendees to Decrypt. When one participant asked how much Bitcoin the US could ultimately accumulate, Hines casually replied that it’s like asking how many dollars someone would want to have, according to an attendee.

A White House official confirmed to Decrypt that Hines expressed this ambition, but emphasized that this must be done “budget-neutral”, without costs to the taxpayer. The conversation followed the public conference “Bitcoin for America” and brought together heavyweights from the Bitcoin world, such as Michael Saylor (Strategy), Fred Thiel (Marathon Digital), Nathan McCauley (Anchorage Digital) and David Bailey (Bitcoin Magazine). Also present were Senators Cynthia Lummis (R-WY), Bill Hagerty (R-TN) and Bernie Moreno (R-OH).

A participant asked Hines if the White House supports the Bitcoin Act, a bill that Lummis reintroduced in the Senate that same day. This proposal requires the US to buy up to 1 million BTC – about $80 billion – and anchors the Crypto Strategic Reserve established through Trump’s recent executive order, in legislation. An attendee reported that after his answer, Hines indicated that the White House supports legislation for a reserve and will put pressure on Congress. However, an official nuanced that Hines did not explicitly approve any specific law.

Current Stock and Budget Neutrality

The US government is estimated to own nearly 200,000 BTC, derived from civil and criminal seizures. High-ranking officials emphasize that additional purchases are possible, provided they are budget-neutral. Lummis’s Bitcoin Act raises questions about this neutrality. The plan to buy $80 billion in BTC relies on revenues from a revaluation of the Federal Reserve’s gold certificates, established in 1971. Since then, gold has risen by more than 6,800%, which could theoretically free up billions.

The crypto market is closely following these developments. A strategic reserve could strengthen Bitcoin’s position, but the implementation and approval remain uncertain. What this means for the future depends on Congress and Trump’s ultimate strategy.