Trump Administration Aims to Acquire Maximum Bitcoin Holdings: White House
Derar Hadri 
A White House official has stated that the Trump administration is determined to acquire as much Bitcoin as possible, according to multiple attendees at a recent closed-door roundtable with crypto industry leaders.
During the Bitcoin Policy Institute's private meeting on Tuesday, Bo Hines, the executive director of the Presidential Working Group on Digital Assets, confirmed the administration’s intent to accumulate Bitcoin, as reported by several participants.
When asked how much Bitcoin the U.S. government might ultimately seek to acquire, Hines responded humorously, comparing it to asking someone how many dollars they would want, according to one attendee who spoke with Decrypt.
A White House official later confirmed that Hines did make the statement about acquiring Bitcoin but clarified that any such acquisitions would be conducted "in a budget-neutral manner that does not cost taxpayers a dime."
Strategic Bitcoin Reserve and Government Acquisition Plans
The private roundtable followed a public “Bitcoin for America” policy summit and included major industry figures such as Michael Saylor (co-founder of Strategy), Fred Thiel (CEO of Marathon Digital), Nathan McCauley (CEO of Anchorage Digital), and David Bailey (CEO of Bitcoin Magazine). Several U.S. senators also attended, including Cynthia Lummis (R-WY), Bill Hagerty (R-TN), and Bernie Moreno (R-OH).
At one point during the discussion, Bo Hines was asked whether the White House supports the Bitcoin Act, a bill reintroduced by Senator Lummis that would require the U.S. government to purchase up to one million BTC, worth roughly $80 billion, and formally establish a Strategic Bitcoin Reserve under President Trump’s recent executive order.
According to one attendee, Hines turned to Senator Lummis and stated that the White House supports legislation to formalize a Strategic Bitcoin Reserve and would work to ensure its passage through Congress. However, a White House official later clarified that Hines did not formally endorse any specific piece of legislation during the event.
Current U.S. Bitcoin Holdings and Legislative Challenges
The U.S. government is estimated to currently hold around 200,000 BTC, primarily obtained through civil and criminal asset forfeitures. Senior White House officials have increasingly voiced their support for expanding Bitcoin acquisitions, provided they can be executed "budget-neutral."
Whether Senator Lummis’ Bitcoin Act meets this budget-neutral criterion remains debatable. The bill proposes that the U.S. purchase $80 billion worth of Bitcoin, largely funded by requiring the Federal Reserve to hand over revenues derived from revaluing its gold certificates to market prices.
These gold certificates were last valued in 1971, when the U.S. abandoned the gold standard. Since then, the price of gold has increased by over 6,800%, making this a potential funding source for Bitcoin acquisitions. However, the feasibility and implications of this strategy remain a subject of debate among policymakers.
