A White House official confirmed plans to acquire more Bitcoin during a meeting with crypto industry leaders, aiming to build a strategic reserve without increasing budget expenses.
Bitcoin Acquisition Strategy
During a closed-door roundtable hosted by the Bitcoin Policy Institute, Bo Hines, executive director of the Presidential Working Group on Digital Assets, outlined plans to maximize Bitcoin acquisition. The focus is on strengthening the nation's digital reserve without impacting taxpayers. Officials emphasized that all purchases would occur in a budget-neutral manner.
Roundtable and Legislative Discussion
The meeting followed a public 'Bitcoin for America' policy summit and included key figures in the Bitcoin industry, such as Michael Saylor, Fred Thiel, Nathan McCauley, and others. Senators Cynthia Lummis and Bill Hagerty were also present. During the discussion, the possibility of supporting a bill for the government to purchase up to one million BTC was raised. Although no specific bill was endorsed, emphasis was placed on the importance of lobbying legislative initiatives.
Safeguarding and Prospects
The U.S. Treasury Department recently held meetings with crypto custodians to discuss safeguarding the proposed reserve, including Anchorage Digital. Currently, the government holds around 200,000 BTC, largely acquired through forfeitures. Senior White House officials reiterated the necessity for future Bitcoin purchases to remain budget-neutral, with a focus on strengthening national financial security.
The White House's plans to acquire Bitcoin reflect coordinated efforts to integrate digital assets into government operations, balancing aggressive asset accumulation with fiscal discipline.
