In a move that could signal a significant shift in the US crypto strategy, White House crypto and AI advisor David Sacks hinted that the government may explore raising its Bitcoin holdings.
In a move that could signal a significant shift in the US crypto strategy, White House crypto and AI advisor David Sacks hinted that the government may explore raising its Bitcoin holdings.
Cointelegraph reported that during a fireside chat with Gemini co-founders Cameron and Tyler Winklevoss at the Bitcoin 2025 conference, David Sacks explained that while nothing is guaranteed, there is a potential path for the US government to buy more Bitcoin. The key condition is that the purchase must be "budget-neutral" so it would not involve new taxes or increase the already high national debt.
David Sacks said the government might fund more Bitcoin purchases by using unused budgets. As Sacks put it, "The question is, can we get either the Treasury Department or the Commerce Department to get excited about that because if they do and they can figure out how to fund it, they actually do have presidential authorization."
This executive order, issued in March, created a crypto reserve designed to hold Bitcoin that the government acquires through asset forfeiture, such as from criminal investigations. It also allows the government to purchase additional Bitcoin, as long as it doesn't impact the budget negatively.
At present, the US has around 198,000 Bitcoin, which is worth more than $21 billion. The US government had already sold a small percentage of its holdings, but this new technique suggests future accumulation.
Bitcoin is currently priced at $108,630, down by 1.04 per cent, with a trading volume of $51.73 billion. Its market capitalization is around $2.15 trillion. On May 22, Bitcoin reached an all-time high by crossing the $111,000 mark, demonstrating strong momentum and continued interest from investors.
If the US govt decides to boost its Bitcoin holdings, it might signal a shift in the government's attitude toward cryptocurrency, implying a potential increase in confidence in Bitcoin as a strategic asset. Such purchases may influence market patterns and public opinion of Bitcoin. While the overall impact is unpredictable and depends on broader market circumstances.