The post How Many Bitcoins Does the U.S. Government Hold? Bo Hines Dissects White House Crypto Report appeared first on Coinpedia Fintech News
The White House’s newly released Crypto Report confirms what many in the digital asset world have long suspected: the United States is quietly accumulating Bitcoin as part of a Strategic Reserve.
While the exact amount of Bitcoin held by the federal government remains classified, officials have now publicly acknowledged that the U.S. does indeed maintain a Strategic Bitcoin Reserve, alongside a broader Digital Asset National Stockpile. This marks the first time Bitcoin has been formally recognized by the White House as a unique and strategic asset: “digital gold,” in the words of Bo Hines, Executive Director of the U.S. Crypto Council.
“We understand the importance of the Strategic Bitcoin Reserve. We’re enormous fans of Bitcoin and the Bitcoin community, and we want to deliver for them as well and I’m certain that we will,” Hines said in an interview when asked about the reserve during a recent press briefing.
When pressed on exactly how much Bitcoin the U.S. government currently holds, Hines declined to share specific numbers. “There are several reasons we’re not disclosing that at this time. There might be a time in which we do. But what I will say is we want as much as we can possibly get. That’s what I continue to say, and we’re going to continue to work on that,” he said.
A Bigger Strategy: Bringing Crypto Home
The Strategic Bitcoin Reserve is just one part of a broader White House strategy to regain global leadership in digital assets. The 160-page Crypto Report outlines recommendations for stablecoins, market access, and financial integration, designed to reverse years of uncertainty and regulatory confusion.
Hines described the shift as moving from “regulation by enforcement” to “regulation by design.” He also reiterated a message to crypto firms that moved offshore: “Welcome home.”
As part of the effort, the administration is backing legislation like the Clarity Act, aiming for Senate passage by October. The report also outlines early steps toward a more open banking system for crypto companies, with cooperation from the Federal Reserve expected to increase.
