The U.S. administration remains committed to establishing a strategic Bitcoin reserve, according to Bo Hines, President Donald Trump’s crypto liaison, despite only a brief mention of the initiative in a recently released crypto policy report.
“We do believe in accumulation,” said Robert “Bo” Hines, executive director of the U.S. President’s Council of Advisers on Digital Assets, during an interview on Crypto in America on Wednesday. When asked about the Bitcoin reserve, he confirmed, “We have it, it’s been established […] we also have the strategic national digital assets stockpile,” emphasizing that Bitcoin stands “in a class of its own, and everyone recognizes that.”
Hines also noted that while the administration acknowledges progress in other digital ecosystems, no specific assets or platforms were mentioned.
He emphasized that building the necessary infrastructure for the initiative takes time and careful planning to ensure long-term success, pointing out there are “countless ways” to accumulate Bitcoin.
“I think people will be very pleased with the direction we are going,” Hines said. “We’ll start moving on that in short order.”
Bitcoin Reserve Receives Brief Mention in White House Report
The President’s Working Group on Digital Asset Markets released its recommendations on Wednesday aimed at “strengthening American leadership in digital financial technology,” with only a brief reference to the Strategic Bitcoin Reserve.
According to Bo Hines, the report’s primary focus is on establishing a clear and comprehensive regulatory framework.
“We understand the importance of the strategic Bitcoin reserve, we’re enormous fans of Bitcoin and the Bitcoin community, we want to deliver for them as well, and I’m certain that we will.”
We aim to acquire as much Bitcoin as possible
When asked how much Bitcoin the federal government has, Hines said, “I can’t discuss that right now.”
“There are several reasons we’re not disclosing that right now, there might be a time when we do, but I will say we want as much as we can possibly get […] and we’re going to continue to work on that.”
The U.S. government currently holds an estimated 198,000 BTC, valued at approximately $2.35 billion, according to data from Nansen.
In March, President Trump signed an executive order formally creating the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile.
