
White House readies Bitcoin reserve roadmap
The White House is preparing to unveil new details on the US Strategic Bitcoin Reserve in the coming weeks as the Trump administration advances plans for managing federally held Bitcoin assets.
Patrick Witt, a senior White House digital assets official, said at the Consensus Miami conference on Wednesday that the administration had made “a lot of progress in the background” on the reserve and broader digital asset stockpile.
“We made a lot of progress in the background, and we will make an announcement in the coming weeks laying out where we are going,”
Said White House digital assets official, Patrick Witt.
Witt said the administration’s focus on crypto custody standards intensified after an alleged exploit involving assets held by the US Marshals Service, which reportedly lost around $46 million in digital assets earlier this year.
The Strategic Bitcoin Reserve was established through a March 2025 executive order directing the federal government to retain forfeited Bitcoin rather than liquidate it through traditional disposal channels, while also creating a separate US Digital Asset Stockpile for other seized cryptocurrencies.
The administration has so far maintained that any future Bitcoin acquisition strategy must remain budget-neutral, leaving unresolved whether the US will only hold seized Bitcoin or eventually purchase additional BTC for sovereign reserves.
Witt said the recent security incident demonstrated why President Donald Trump had instructed federal agencies to take digital assets more seriously as officials continue developing custody, auditing and transfer frameworks for the reserve.
At the time of reporting, Bitcoin price was $81,372.17.