U.S. Bitcoin Reserve Update Coming in 'Next Few Weeks," White House Adviser Says
Patrick Witt said the administration has reached a legal breakthrough and will outline the reserve’s size and structure within weeks.
- On Wednesday, Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, told the Consensus Miami conference that the White House will announce Strategic Bitcoin Reserve details in the next few weeks.
- Following President Trump's executive order signed in March 2025, the White House halted what Witt characterized as "fire sale" liquidations and began auditing crypto holdings across federal agencies.
- The federal government holds an estimated 328,372 BTC worth roughly $25 billion, though Witt cited a $46 million theft from Marshals Service wallets as key justification for centralization.
- Witt confirmed his team reached a "breakthrough" on the reserve's legal framework, stating the administration must "get our own house in order" before discussing further details.
- Codification requires congressional action, with lawmakers eyeing the National Defense Authorization Act as a vehicle for Senator Cynthia Lummis's BITCOIN Act and Rep. Nick Begich's American Reserves Modernization Act.
12 Articles
12 Articles
U.S. Bitcoin Reserve Update Coming 'in the Next Few Weeks,' White House Adviser Says
An announcement on the Strategic Bitcoin Reserve is imminent, according to Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets. Speaking at Consensus Miami 2026 on Wednesday, Witt said his team has reached a “breakthrough” on the legal framework underpinning the reserve. The White House plans to act from the executive branch side within weeks, Witt said. The comments mark the most specific timeline offered …
TLDR – A White House advisor stated that the United States will announce an update on its Bitcoin reserve in the coming weeks. The government established the "Strategic Bitcoin Reserve" through an executive order signed in March 2025. Officials will fund the reserve using BTC seized in criminal and civil asset cases. The update will detail the progress of the custody system and future management plans. Authorities recently linked a cryptocurrenc…
US Bitcoin Reserve Plan Nears Major White House Update
White House crypto advisor Patrick Witt said the Trump administration will announce new details on the US Strategic Bitcoin Reserve within “the next few weeks,” framing the update as both a policy milestone and a custody response after an alleged exploit involving digital assets held by the US Marshals Service. Speaking at Consensus 2026 in Miami on Wednesday, Witt said the administration’s work on the Strategic Bitcoin Reserve, or SBR, and the …
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