{"id":38426,"date":"2025-03-14T13:30:57","date_gmt":"2025-03-14T10:30:57","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=38426"},"modified":"2025-03-14T12:53:51","modified_gmt":"2025-03-14T09:53:51","slug":"u-s-government-plans-to-acquire-as-much-bitcoin-as-possible","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/u-s-government-plans-to-acquire-as-much-bitcoin-as-possible\/","title":{"rendered":"U.S. Government Plans to Acquire as Much Bitcoin as Possible!"},"content":{"rendered":"<p>A <strong>White House<\/strong> official said that there should be no limit to the size of the <a href=\"https:\/\/coinengineer.net\/blog\/democrat-lawmaker-opposes-trumps-bitcoin-reserve-plans\/\"><strong>U.S. government&#8217;s Strategic Bitcoin Reserve.<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/u-s-government-plans-to-acquire-as-much-bitcoin-as-possible\/#White_House_Official_US_Wants_to_Acquire_as_Much_Bitcoin_as_Possible\" title=\"White House Official: U.S. Wants to Acquire as Much Bitcoin as Possible\">White House Official: U.S. Wants to Acquire as Much Bitcoin as Possible<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/u-s-government-plans-to-acquire-as-much-bitcoin-as-possible\/#White_House_Supports_Legislation_for_Strategic_Bitcoin_Reserve\" title=\"White House Supports Legislation for Strategic Bitcoin Reserve\">White House Supports Legislation for Strategic Bitcoin Reserve<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/u-s-government-plans-to-acquire-as-much-bitcoin-as-possible\/#US_Bitcoin_Reserve_and_Budget_Debate_Over_Lummis_Bill\" title=\"U.S. Bitcoin Reserve and Budget Debate Over Lummis\u2019 Bill\">U.S. Bitcoin Reserve and Budget Debate Over Lummis\u2019 Bill<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"75\"><span class=\"ez-toc-section\" id=\"White_House_Official_US_Wants_to_Acquire_as_Much_Bitcoin_as_Possible\"><\/span>White House Official: U.S. Wants to Acquire as Much Bitcoin as Possible<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"77\" data-end=\"213\">A White House official told crypto industry leaders this week that the Trump administration aims to acquire as much Bitcoin as possible.<\/p>\n<p data-start=\"215\" data-end=\"599\">During a closed-door meeting on Tuesday hosted by the <strong data-start=\"269\" data-end=\"297\">Bitcoin Policy Institute<\/strong>, <strong data-start=\"299\" data-end=\"311\">Bo Hines<\/strong>, Executive Director of the <strong data-start=\"339\" data-end=\"387\">Presidential Working Group on Digital Assets<\/strong>, confirmed that the White House is intent on purchasing as much BTC as it can. When asked how much Bitcoin the government plans to acquire, Hines joked that it was like asking someone how many dollars they want.<\/p>\n<p data-start=\"601\" data-end=\"770\">White House officials confirmed Hines&#8217; statement, emphasizing that the Bitcoin acquisitions would be &#8220;budget-neutral&#8221; and would not impose additional costs on taxpayers.<\/p>\n<p data-start=\"772\" data-end=\"1182\">The meeting followed the \u201c<strong data-start=\"798\" data-end=\"821\">Bitcoin for America<\/strong>\u201d policy summit and included prominent Bitcoin figures such as <strong data-start=\"884\" data-end=\"902\">Michael Saylor<\/strong>, co-founder of Strategy, <strong data-start=\"928\" data-end=\"942\">Fred Thiel<\/strong>, CEO of Marathon Digital, <strong data-start=\"969\" data-end=\"988\">Nathan McCauley<\/strong>, CEO of Anchorage Digital, and <strong data-start=\"1020\" data-end=\"1036\">David Bailey<\/strong>, CEO of Bitcoin Magazine. U.S. Senators <strong data-start=\"1077\" data-end=\"1095\">Cynthia Lummis<\/strong> (R-WY), <strong data-start=\"1104\" data-end=\"1120\">Bill Hagerty<\/strong> (R-TN), and <strong data-start=\"1133\" data-end=\"1150\">Bernie Moreno<\/strong> (R-OH) also attended the event.<\/p>\n<h2 data-start=\"1184\" data-end=\"1250\"><span class=\"ez-toc-section\" id=\"White_House_Supports_Legislation_for_Strategic_Bitcoin_Reserve\"><\/span>White House Supports Legislation for Strategic Bitcoin Reserve<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1252\" data-end=\"1577\">During the meeting, a participant asked Bo Hines if the White House supports the <strong data-start=\"1333\" data-end=\"1348\">Bitcoin Act<\/strong>, a bill reintroduced by Senator Lummis, which requires the U.S. government to acquire <strong data-start=\"1435\" data-end=\"1454\">one million BTC<\/strong>. The bill also aims to <strong data-start=\"1478\" data-end=\"1520\">legalize the Strategic Bitcoin Reserve<\/strong> established by President Trump\u2019s recent executive order.<\/p>\n<p data-start=\"1579\" data-end=\"1912\">In response, Hines turned to Lummis, seated next to him, and stated that the White House plans to support legislation to make the Strategic Bitcoin Reserve a law and will push for it to pass Congress. However, White House officials clarified that Hines did not explicitly endorse any specific piece of legislation during the meeting.<\/p>\n<h2 data-start=\"1914\" data-end=\"1974\"><span class=\"ez-toc-section\" id=\"US_Bitcoin_Reserve_and_Budget_Debate_Over_Lummis_Bill\"><\/span>U.S. Bitcoin Reserve and Budget Debate Over Lummis\u2019 Bill<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1976\" data-end=\"2248\">The U.S. government is currently estimated to hold around <strong data-start=\"2034\" data-end=\"2049\">200,000 BTC<\/strong>, acquired through civil and criminal forfeitures. The White House has expressed support for acquiring more Bitcoin to build a <strong data-start=\"2176\" data-end=\"2197\">strategic reserve<\/strong>, as long as the purchases remain &#8220;budget-neutral.&#8221;<\/p>\n<p data-start=\"2250\" data-end=\"2540\" data-is-last-node=\"\" data-is-only-node=\"\">Senator Lummis\u2019 <strong data-start=\"2266\" data-end=\"2281\">Bitcoin Act<\/strong> proposes to purchase <strong data-start=\"2303\" data-end=\"2331\">$80 billion worth of BTC<\/strong>, and the financing is planned to come from the Federal Reserve\u2019s gold certificates being revalued at current market prices. However, whether this method truly remains <strong data-start=\"2499\" data-end=\"2517\">budget-neutral<\/strong> is a matter of debate.<\/p>\n<hr \/>\n<p data-start=\"2250\" data-end=\"2540\" data-is-last-node=\"\" data-is-only-node=\"\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A White House official said that there should be no limit to the size of the U.S. government&#8217;s Strategic Bitcoin Reserve. White House Official: U.S. Wants to Acquire as Much Bitcoin as Possible A White House official told crypto industry leaders this week that the Trump administration aims to acquire as much Bitcoin as possible.<\/p>\n","protected":false},"author":29,"featured_media":38429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12563,12938,10356,12939,12577,6017],"class_list":["post-38426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin-act","tag-bitcoin-policy-institute","tag-bo-hines","tag-presidential-working-group-on-digital-assets","tag-us-bitcoin","tag-white-house"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Government Plans to Acquire as Much Bitcoin as Possible! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/u-s-government-plans-to-acquire-as-much-bitcoin-as-possible\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Government Plans to Acquire as Much Bitcoin as Possible! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"A White House official said that there should be no limit to the size of the U.S. government&#8217;s Strategic Bitcoin Reserve. 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