US Strategic Bitcoin Reserve Update Expected Within Weeks, White House Adviser Says

White House Prepares New Strategic Bitcoin Reserve Announcement

The White House is expected to release new details on the proposed US Strategic Bitcoin Reserve within the next few weeks, according to Patrick Witt. Witt said federal agencies are continuing efforts to inventory, secure and centralize government-held crypto assets following President Donald Trump’s executive order on digital asset reserves.

Federal Crypto Holdings Under Security Review

Witt revealed that some government-controlled crypto wallets had reportedly been stored insecurely across different agencies. He also referenced a recent exploit involving assets managed by the US Marshals Service, where hackers allegedly stole more than $60 million from government-linked wallets in late 2025.

According to Witt, the incident highlighted the urgent need for centralized custody and stronger protection of federal digital assets. However, he declined to disclose the total amount of Bitcoin or cryptocurrency currently held by the government.

Bitcoin Reserve Requires Congressional Support

The administration is also working on the legal structure behind the reserve system. Witt pointed to proposed legislation including Senator Cynthia Lummis’s BITCOIN Act and Representative Nick Begich’s American Reserves Modernization Act as key steps toward formalizing the reserve through Congress.

Future Structure of US Crypto Reserves

Officials said seized digital assets linked to ongoing legal cases would not automatically enter the reserve. Instead, assets may first be returned to victims before potentially becoming part of long-term federal holdings.