White House exploring pathways to accumulate more Bitcoin for national reserve
Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, revealed that the Trump administration is investigating methods to grow the Strategic Bitcoin Reserve beyond seized assets without additional taxpayer spending.
The Trump administration is actively studying ways to accumulate more Bitcoin to expand the U.S. Strategic Bitcoin Reserve beyond existing seized holdings, according to Patrick Witt, executive director of the President's Council of Advisors for Digital Assets. In an interview with crypto commentator Lark Davis, Witt stated that federal officials have prioritized establishing proper safeguarding, accounting, and custody for the government's digital assets before seeking ways to build up the national stockpile.[1][3][4]
Witt noted that while purchasing Bitcoin directly on the open market would necessitate authorization from Congress, the administration is examining alternative mechanisms. Specifically, officials are reviewing existing federal government revenue inflows that could either be accepted directly in Bitcoin or converted into the cryptocurrency, aiming to expand reserve holdings without deploying extra taxpayer funds in line with President Donald Trump's executive order.[1]
Describing the cryptocurrency's strategic role, Witt highlighted that Bitcoin serves as a proven asset that has stood the test of time regarding economic security. The remarks prompted widespread discussion across digital asset communities following the interview's circulation on October 14, 2026.[1][2][3]
Key facts
- Patrick Witt stated that the U.S. government is exploring ways to accumulate more Bitcoin for the Strategic Bitcoin Reserve beyond seized coins.
- Witt stated that open-market purchases of Bitcoin would require congressional authorization.
- The administration is examining whether existing federal government inflows can be received in or converted into Bitcoin to avoid additional taxpayer spending.
- Witt emphasized that the White House first focused on properly safeguarding, accounting for, and custodying current government crypto assets.
- Witt characterized Bitcoin as an asset that has stood the test of time in the context of economic security.
Sources · 4 sources
- BN
Bitcoin News@BitcoinNewsComPost on X ·
WHITE HOUSE EXPLORING NEW WAYS TO ACQUIRE BITCOIN FOR STRATEGIC RESERVE Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, tells @LarkDavis that the Trump administration is actively exploring ways to accumulate more Bitcoin beyond seized assets. Witt explained that while open-market Bitcoin purchases would require congressional authorization, the administration is investigating ways to use existing federal government inflows that could be received in Bitcoin or converted into Bitcoin. The goal is to expand America’s Strategic Bitcoin Reserve without additional taxpayer spending, as directed by President Trump’s executive order.
Open source - TB
The Bitcoin Conference@TheBitcoinConfPost on X ·
🇺🇸 Former White House Executive Director Patrick Witt says the U.S. is "exploring ways to accumulate more #Bitcoin" 👏 "In the case of economic security, Bitcoin is a proven asset that has stood the test of time" ⚡️ https://t.co/KCqkqMMgvx
Open source - BM
Bitcoin Magazine@BitcoinMagazinePost on X ·
NEW: 🇺🇸 White House Executive Director Patrick Witt told Lark Davis they are "exploring ways to accumulate more Bitcoin" 👀 "We've gone to work with trying to properly safeguard, account for, and custody these assets. Then explore ways that we can add to the stockpile and SBR." https://t.co/ccdxwknle2
Open source - DC
DustyBC Crypto@DustyBCPost on X ·
🚨𝗝𝗨𝗦𝗧 𝗜𝗡: 🇺🇸White House Executive Director Patrick Witt says they are "exploring ways to accumulate more Bitcoin" "We've gone to work with trying to properly safeguard, account for, and custody these assets. Then explore ways that we can add to the stockpile and SBR." https://t.co/C7qp1xZkQw
Open source