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US Could Buy More Bitcoin: A Budget-Neutral Approach?

US Could Buy More Bitcoin: A Budget-Neutral Approach?

Cryptocurrency News

US Government Bitcoin Acquisition: A Budget-Neutral Possibility?

David Sacks, the White House's AI and crypto advisor, recently hinted at the possibility of the US government acquiring more Bitcoin (BTC). However, this hinges on a crucial condition: funding the purchase in a budget-neutral manner, without imposing new taxes or adding to the national debt.

During a fireside chat at the Bitcoin 2025 conference, Sacks stated that while he couldn't make any promises, a pathway for additional Bitcoin acquisition exists. This would involve securing approval from either Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson, and finding funding within existing budgets.

Sacks emphasized the need to convince the relevant departments to reallocate funds from underutilized programs. He clarified that presidential authorization for such purchases already exists, as outlined in a March 6 executive order.

Executive Order and Current Bitcoin Holdings

The March 6 executive order authorizing the creation of a crypto reserve allows the government to retain Bitcoin seized through criminal or civil asset forfeiture. Sacks highlighted that this order also permits additional purchases if done in a budget-neutral way.

According to an April CoinGecko report, the US government currently holds approximately 198,012 Bitcoin, valued at over $21 billion at current market prices. Much of this stems from seizures related to the Silk Road marketplace and the Bitfinex hack.

  • Silk Road Seizures: Approximately 120,721 BTC were seized in two separate actions.
  • Bitfinex Hack Seizure: Authorities seized 94,636 BTC from Ilya Lichtenstein.

While the Department of Justice received approval to sell 198,109 BTC in January, this contrasts with the current proposal to acquire more. Previously, the government sold a smaller portion (9,861 BTC) in March 2023.

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