A White House digital assets adviser has confirmed the Trump administration intends to move forward with plans to establish a strategic Bitcoin reserve "in short order." In a July 30 interview, Robert “Bo” Hines, the executive director of the President's Council of Advisers on Digital Assets, stated that the administration recognizes the importance of such a reserve.
“We do believe in accumulation,” Hines said. “We have it, it's been established we also have the strategic national digital assets stockpile.” He added that Bitcoin is in “a class of its own and everyone recognizes that.” While Hines confirmed the reserve's existence, which was formally established by an executive order in March, he declined to disclose the current size of the government's Bitcoin holdings, stating, “We want as much BTC as we can possibly get and we're going to continue to work on that.”
This initiative is part of a broader pro-crypto pivot from Donald Trump, who had previously expressed skepticism. Recently, Trump met with executives from leading U.S. Bitcoin mining firms, including CleanSpark and Riot Platforms, at his Mar-a-Lago resort. Following the meeting, he stated on his Truth Social platform that he wants “all the remaining Bitcoin to be MADE IN THE USA!!!”, arguing it would help the country be energy dominant.
The discussion around the reserve follows the release of a White House digital asset policy report, which, to the surprise of some, made no mention of the strategic Bitcoin reserve. Hines clarified that the report's primary focus was on creating a clear regulatory framework. The administration has already taken steps in this direction, with Trump signing the GENIUS Act to regulate stablecoins into law.
While the administration has not disclosed its exact holdings, estimates from analytics firm Nansen suggest the U.S. government holds approximately 198,000 BTC. These assets are primarily sourced from law enforcement seizures. The move to hold and potentially grow these reserves signals a significant policy shift, aligning with Trump's stated goal of making the United States the “crypto capital of the world.”