finance
White House Still Evaluating Structure for Bitcoin Reserve 16 Months After Order
The administration continues to assess placement of a Strategic Bitcoin Reserve and separate digital asset stockpile. No legislation has advanced in Congress to establish the funds.
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The White House stated July 6 that it is still evaluating the best structure for a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. The process has continued for 16 months since President Donald Trump issued an executive order in March 2025 directing the creation of the bitcoin reserve and a separate stockpile of other cryptocurrencies.
Departments of the Treasury and Commerce are both under consideration to house the funds, according to a Bloomberg report. Federal agencies have examined existing U.S. crypto holdings but have not disclosed the exact number.
The government holds more than 300,000 bitcoin valued at approximately $21 billion. Bitcoin traded at $64,355.26 on July 6, down about one-third from $93,000 when the executive order was issued. The administration was directed to acquire additional bitcoin without using taxpayer money.
The reserve is intended as a long-term holding and not for sale during market volatility. White House chief crypto adviser Patrick Witt and his predecessor have stated that Congress must pass legislation to fully establish and activate the funds. No such legislation has advanced.
White House spokeswoman Liz Huston said the administration “continues to evaluate the best structure for a Strategic Bitcoin Reserve and U.S. ” President Trump holds more than $50 million in personal bitcoin, according to his recent financial disclosure.
