US Crypto Reserve Takes Shape
White House Moves to Formalize US Bitcoin Reserve and Digital Asset Stockpile
Anonymous
Key Points
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The US Strategic Bitcoin Reserve is reported as comprising 328,372 BTC seized through criminal forfeitures, valued at about $25 billion, and Treasury has committed to permanent holding with no planned sales.
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There is a wide variance in reported total BTC holdings across outlets, with figures ranging from roughly 198,000 BTC to more than 300,000 BTC, and one update citing 328,372 BTC, reflecting ongoing uncertainty about the exact size of the government’s holdings.
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A separate Digital Asset Stockpile would isolate non-Bitcoin assets (e.g., Ethereum, XRP, other altcoins) under Treasury control, while the Reserve remains Bitcoin-centric; this separation is explicitly part of the current structure plan.
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Legislative authorization remains pivotal, with the American public policy framework calling for congressional backing; presidential orders lack legal force, and progress on formalizing the holdings could hinge on midterm dynamics and majority control in Congress.
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A policy instrument named the American Reserves Modernization Act envisions enabling about one million additional BTC purchases over five years with a twenty-year minimum hold, signaling an ambition to expand the reserve beyond its initial forfeiture base.
The White House is still working out how to structure its crypto holdings — and the clock is ticking. Sixteen months after President Trump took office, the U.S. Strategic Bitcoin Reserve and a separate Digital Asset Stockpile remain works in progress, according to Traders Union. Federal agencies are debating whether the funds should sit inside the Treasury Department or the Commerce Department.
The reserve is built from Bitcoin seized in criminal cases — not bought with taxpayer money. Crypto Briefing reports the government holds 328,372 BTC, worth roughly $25 billion. But exact figures are disputed across outlets, with estimates ranging from about 198,000 BTC to more than 300,000 BTC.
Bitcoin Reserve and Altcoin Stockpile Kept Separate
The administration has drawn a clear line between two pots of assets. The Strategic Bitcoin Reserve holds only Bitcoin. A second fund, the Digital Asset Stockpile, would house other forfeited crypto — think Ethereum, XRP, and similar coins. Crypto Briefing says the Treasury Department would oversee both, though that decision is not yet final.
The separation is intentional. Bitcoin gets its own reserve because the administration views it as a unique long-term store of value. Other digital assets are treated differently — held separately and managed under distinct rules. No sales of Bitcoin from the reserve are planned, according to Crypto Briefing.
Congress Holds the Keys — and Hasn't Acted Yet
Presidential orders can set a direction, but they cannot make the reserve permanent or legally binding on their own. Crypto News reports that White House crypto adviser Patrick Witt and his predecessor Michael Schurf have both said Congress must approve the funds to give them real legal force. So far, no legislation has passed.
That makes midterm politics a key variable. If the majority in Congress shifts, the reserve's future could change. Head Top Asia notes the White House has been working through interagency talks for more than a year without a final framework in place.
A Plan to Buy One Million More Bitcoin Over Five Years
The current reserve relies entirely on seized assets — no open-market purchases have been made. But one proposed law could change that. A policy instrument called the American Reserves Modernization Act would let the government buy up to one million additional BTC over five years. Any coins bought under the plan would be held for at least twenty years.
The goal is to grow the reserve well beyond its forfeiture base. Still, any purchases would need to be budget-neutral — meaning the government could not simply spend new money to buy Bitcoin. How that would work in practice has not been spelled out publicly yet.
Custody, Governance, and Trust Still Unresolved
Beyond the politics, the government still faces hard operational questions. Who holds the private keys to hundreds of thousands of Bitcoin? What agency sets the rules? Traders Union says the White House is still evaluating the best structure for both funds, with no final answer on agency placement or day-to-day management.
Getting those details wrong carries real risk. A custody failure or governance gap could expose billions of dollars in public assets. Until Congress acts and agencies agree on a structure, the U.S. Bitcoin Reserve exists more on paper than in practice.
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