White House Signals Strategic Bitcoin Reserve Plan Announcement in Coming Weeks

U.S. President Donald Trump signed an executive order shortly after taking office calling for the establishment of a National Strategic Bitcoin Reserve by March 2025. While no formal implementation steps have been announced since, the White House now says details are expected soon. According to Coindesk, Patrick Witt, head of the White House Cryptocurrency Advisory Committee, said the U.S. will unveil its strategic Bitcoin (BTC) reserve plan in the coming weeks. Speaking at the Consensus conference in Miami, Witt said federal agencies have spent months working to improve governance and security for Bitcoin and other crypto assets. Witt noted that Bitcoin and cryptocurrencies previously seized by the government are not automatically treated as reserve assets. He said a BTC strategic reserve framework should eventually be institutionalized through congressional legislation. He also said the White House halted crypto sales that had occurred under the prior administration and ordered a broad review of digital assets held across government agencies following Trump's executive order. Pointing to weaknesses in custody practices, Witt said some institutions manage cold wallets without consistent procedures. He cited alleged cyberattacks involving assets tied to the U.S. Police Department as an example, arguing for more centralized oversight of government-held crypto. Witt did not disclose how much Bitcoin the U.S. currently holds. "The priority is to establish an asset custody and management system," he said, adding that specifics on amounts and structure would be provided in a future announcement. This is not investment advice.