Trump Administration Confirms Expansion of US Bitcoin Reserve
The Trump administration plans to expand a national Bitcoin reserve under a March executive order. Robert “Bo” Hines, executive director of the White House Digital Asset Market Working Group, confirmed that accumulation efforts are underway. While precise holdings remain undisclosed, Nansen data suggests US government reserves around 198,000 BTC (~$2.35 billion). Hines said growing the Bitcoin reserve will require robust infrastructure, regulation and time. He noted multiple acquisition methods but declined to specify details. The recent crypto policy report focused on regulatory clarity, explaining why reserve specifics were omitted. Although the administration recognizes broader digital-asset innovation, its priority remains Bitcoin, with progress expected shortly. This move reflects a broader focus on crypto regulation and market infrastructure.
Bullish
Government plans to build and expand a strategic Bitcoin reserve are likely to increase institutional demand and underscore confidence in Bitcoin’s long-term value. In the short term, confirmation of ongoing accumulation and future progress may boost trader sentiment and price momentum. Over the long term, the establishment of a state-backed reserve could set a precedent for other institutional buyers, reinforcing a bullish market outlook for Bitcoin.