Digital Assets Chief Bo Hines Says U.S. Bitcoin Accumulation Plan Will Advance “In Short Order”
The Trump administration remains committed to establishing a strategic Bitcoin reserve, according to Bo Hines, the Executive Director of the U.S. President’s Council of Advisers on Digital Assets. Hines reaffirmed the administration’s intent during a Wednesday interview on Crypto in America, despite the limited mention of the initiative in the White House’s latest crypto policy report.
“We do believe in accumulation,” said Hines when asked about the government’s plans for a U.S. Strategic Bitcoin Reserve. “We have it, it’s been established […] and we also have the Strategic National Digital Assets Stockpile.”
🚨EXCLUSIVE: We sat down with @BoHines, Executive Director of the White House Crypto Council, inside the @WhiteHouse to dig into the Administration’s new crypto report.
Beyond breaking down the document’s key recommendations, we tackled today’s hottest topics — from Brian… pic.twitter.com/gkVxGbc1AJ
— Crypto In America (@CryptoAmerica_) July 30, 2025
Hines emphasized that Bitcoin holds a unique status, referring to it as “in a class of its own,” and signaled that further accumulation efforts would proceed “in short order.”
Bitcoin Reserve Receives Limited Mention in Policy Report
The President’s Working Group on Digital Asset Markets released its long-awaited policy framework this week, outlining regulatory recommendations aimed at strengthening American leadership in digital financial technology. However, the Strategic Bitcoin Reserve was only briefly mentioned in the report.
When asked why the initiative was not featured more prominently, Hines stated that the report’s priority was to establish a clear and comprehensive regulatory framework for digital assets. He emphasized, however, that the administration remains “enormous fans of Bitcoin and the Bitcoin community.”
“We understand the importance of the strategic Bitcoin reserve […] we want to deliver for them as well, and I’m certain that we will,” Hines added.
Infrastructure Development Still Underway
Hines noted that building the necessary infrastructure for the reserve is a work in progress, requiring time and careful planning to ensure long-term sustainability.
“There are countless ways we can accumulate,” he said. “I think people will be very pleased with the direction we are going.”
He did not elaborate on what accumulation methods were being considered but stressed that the administration is actively working on implementation.
How Much Bitcoin Does the U.S. Hold?
When asked directly about how much Bitcoin the federal government currently possesses, Hines declined to disclose specific figures.
“I can’t discuss that right now,” he responded. “There are several reasons we’re not disclosing that right now […] but I will say we want as much [Bitcoin] as we can possibly get, and we’re going to continue to work on that.”
According to estimates from blockchain analytics firm Nansen, the U.S. government currently holds approximately 198,000 BTC, valued at around $2.35 billion at current market prices.
Executive Order Signed in March
President Trump officially signed an executive order in March 2025, establishing the Strategic Bitcoin Reserve along with the broader U.S. Digital Asset Stockpile. The move was hailed by Bitcoin advocates as a milestone in legitimizing Bitcoin as a sovereign-grade reserve asset.
Although critics have called for greater transparency surrounding the initiative, the administration has thus far remained tight-lipped about operational details, citing strategic considerations.
A Pro-Bitcoin Administration?
The Trump administration’s crypto stance has increasingly centered around Bitcoin-first policies, distinguishing it from earlier U.S. strategies that treated all digital assets as part of a monolithic category.
Hines hinted that while Bitcoin would remain a top priority, the administration was also observing developments in other ecosystems.
“We want to give credence to the work happening across other ecosystems,” he said, though he stopped short of naming any specific protocols or platforms.
Market Implications and Political Significance
Analysts say the U.S. government’s direct involvement in Bitcoin accumulation could serve as a major signal to global markets, potentially accelerating institutional and sovereign-level interest in the cryptocurrency.
At the same time, questions remain around the storage, governance, and reporting standards that will accompany the Bitcoin reserve. Without on-chain disclosures or transparent oversight, skeptics warn that the reserve could become politically contentious in the years ahead.
Still, with the 2024 election season over and crypto policy becoming a growing political priority, the Trump administration appears poised to elevate Bitcoin to a national strategic asset.
“Bitcoin isn’t going away,” Hines said. “And neither is our commitment to building the right foundation for its role in America’s future.”
