Strategic Bitcoin Reserve Announcement Arriving ‘Within Next Few Weeks,’ Says White House Crypto Official
The White House is gearing up to unveil the next steps for the U.S. Strategic Bitcoin Reserve in the coming weeks, as confirmed by Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets.
During his speech at the Bitcoin 2026 conference in Las Vegas, Witt revealed that the administration has been diligently working on the necessary legal and operational framework to implement President Donald Trump’s reserve plan. This initiative aims to safeguard the government-held Bitcoin (BTC) assets.
“The president signed the strategic bitcoin reserve executive order last year, and we’ve been focused on determining the precise steps and legal interpretations required to solidify and protect the digital assets, specifically bitcoin, held on the government balance sheet,” Witt stated.
In March 2025, Trump issued an executive order establishing the Strategic Bitcoin Reserve and a separate digital asset stockpile. The reserve is intended to house Bitcoin already in possession of the federal government, primarily acquired through criminal and civil forfeiture cases, rather than auctioning them off.
According to Treasury Secretary Scott Bessent, the U.S. government currently possesses approximately $15 billion to $20 billion worth of Bitcoin and intends to continue adding confiscated BTC to the reserve without engaging in direct market purchases. Bessent also emphasized that the government plans to maintain its existing gold reserve without any revaluation.
“We have a substantial gold holding. While we may not revalue it, we will retain it as a valuable asset for the American people,” Bessent affirmed.
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