TLDR
- The US government already holds Bitcoin but has not disclosed exact amounts.
Bo Hines confirmed the Bitcoin reserve strategy remains active and ongoing.
Donald Trump signed an executive order to establish a strategic Bitcoin reserve in March.
The administration said it wants “as much BTC as we can possibly get.”
Donald Trump administration has reaffirmed its intention to expand the country’s strategic Bitcoin reserve, according to Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets.
Hines confirmed that the United States already holds Bitcoin and that the reserve-building strategy remains active. Speaking in a Crypto in America interview, he stated that progress will happen soon, although specific details remain confidential.
Donald Trump Exec Confirms Bitcoin Holdings But Keeps Figures Private
Bo Hines said the US government under Donald Trump already holds Bitcoin through an existing strategic digital asset stockpile. However, he declined to share how much Bitcoin is currently in the government’s possession.
“There are several reasons we’re not disclosing that right now,” Hines said. “There might be a time when we do, but I will say we want as much as we can possibly get.”
The comments follow a broader digital asset policy agenda that was unveiled in a recent 168-page report, which briefly mentioned the strategic reserve. Despite its limited presence in the document, Hines assured that the reserve remains a core objective.
Reserve Strategy Aims for Long-Term Infrastructure
According to Hines, establishing a sustainable national Bitcoin reserve is a complex process that will take time and resources. He explained that building the correct infrastructure is essential to ensure long-term stability.
“We have it, it’s been established […] we also have the strategic national digital assets stockpile,” he said during the interview.
Hines emphasized that Bitcoin is viewed as a unique digital asset, distinct from other cryptocurrencies. The administration’s current focus remains on regulatory development and Bitcoin accumulation.
Donald Trump Admin Strategic Focus Centers on Bitcoin and Regulation
Hines stated that the administration supports innovation across the digital asset space but is currently prioritizing Bitcoin. He explained that the recent digital assets report focused mainly on regulatory frameworks rather than asset disclosure.
The report was issued by the President’s Working Group on Digital Asset Markets and outlined ways to improve the country’s position in financial technology. Hines said this foundation is necessary to support broader initiatives, such as the strategic reserve.
The decision to withhold Bitcoin reserve figures may also be strategic. Industry analytics platform Nansen estimates the US holds approximately 198,000 BTC, worth around $2.35 billion at current market prices.
Executive Order Signed in March
President Donald Trump signed the executive order officially establishing the Strategic Bitcoin Reserve and US Digital Asset Stockpile in March. Hines said the administration remains committed to delivering results for the Bitcoin community and expects to make progress “in short order.”
When asked about timelines, Hines noted that movement on the reserve would not be immediate but remains a near-term priority.
“We do believe in accumulation,” he said. “People will be very pleased with the direction that we are going.”
As other countries, such as the United Kingdom, weigh options to sell seized crypto assets, the US appears to be positioning itself to strengthen its Bitcoin position instead.
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