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The Trump administration is preparing to take a major step to bolster the U.S.’s strategic Bitcoin reserve, according to White House crypto policy adviser Patrick Witt.
“In the next few weeks, we’ll be making a big announcement,” Witt said at the Bitcoin 2026 conference in Las Vegas on Monday. According to Witt, who heads the President’s Council of Advisors for Digital Assets, he and others have been working on plans and legal interpretations for the U.S. Bitcoin reserve.
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“I think we have a bit of a breakthrough,” Witt said, adding that it is something the executive arm can work on while waiting for Congress to take action to codify the strategic reserve.
President Donald Trump established the strategic Bitcoin reserve from forfeited assets through an executive order in March 2025 while instructing the Commerce and Treasury secretaries to add to it using “budget neutral” strategies.
Since the establishment of the reserve, questions have centered on whether the U.S. actually intends to purchase Bitcoin, how it could do so and just how much Bitcoin is in the reserve.
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Witt in February told Yahoo Finance that Bitcoin purchases for the reserve would hinge on Congressional action, citing efforts like Sen. Cynthia Lummis‘ (R-WY) BITCOIN Act and Rep. Nick Begich‘s (R-AK) version of the bill in the House. The bill proposes to codify Trump’s Bitcoin strategic reserve and authorize the purchase of 1 million BTC over five years.
Begich, speaking at the Bitcoin 2026 Conference on Monday, said he intended to reintroduce the bill in the coming weeks under a new name, the American Reserve Modernization Act.
While initial estimates placed the U.S.’s strategic reserve holdings at around 200,000 BTC, currently worth over $15 billion, the U.S. Marshals Service has reportedly cast doubt on the figure.
What’s Next
As policymakers explore expanding a U.S. strategic Bitcoin reserve, the move could influence how digital assets are viewed within global financial systems and how individual investors think about portfolio exposure.
For those evaluating how digital assets might fit into a broader investment strategy, platforms like Public allow users to create AI-generated portfolios based on specific themes, risk preferences, and market views, including areas like crypto.
