White House to Announce Framework for U.S. Strategic Bitcoin Reserve

The White House is preparing to announce the completion of a legal and operational framework for the U.S. Strategic Bitcoin Reserve, a senior official confirmed this week. Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, described the development as a breakthrough that resolves key hurdles for securing government-held digital assets.

Witt stated that the administration has finalized the necessary legal authorities, custody protocols, and interagency coordination required to safeguard the reserve. He credited his deputy, Harry John, with leading the extensive internal process. The announcement, expected within weeks, will detail how the government will manage its existing Bitcoin holdings, which are estimated at approximately 328,372 BTC accumulated through law enforcement seizures and criminal forfeitures. These assets include Bitcoin from the Silk Road case and the 2022 Bitfinex hack recovery.

The reserve was established by an executive order signed by President Donald Trump on March 6, 2025. The order consolidated seized Bitcoin and prohibited the Treasury Department from selling any of the assets. Since then, officials have worked to...