White House Says Bitcoin Reserve Announcement Coming In Weeks
- He said the next announcement would explain “where we are going.”
- “There was an exploit, certain assets that were held by US Marshals just a month or two ago,” Witt said.
- The case raised fresh questions about how federal agencies secure seized digital assets as the White House builds its Strategic Bitcoin Reserve.
- He said the incident showed why President Donald Trump had instructed federal agencies to treat digital assets more seriously.
What Happened
The White House is preparing to announce new details on the US Strategic Bitcoin Reserve in the coming weeks, according to Patrick Witt, a senior White House digital assets official.
Speaking at Consensus Miami on Wednesday, Witt said the administration has made “a lot of progress in the background” on the reserve and the broader digital asset stockpile. He said the next announcement would explain “where we are going.”
“There was an exploit, certain assets that were held by US Marshals just a month or two ago,” Witt said. “We obviously started working on the Strategic Bitcoin Reserve, the digital asset stockpile without thinking about that, but obviously thinking about we need to properly secure these assets.”
“Custody is unique for digital assets,” Witt added. “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.”
That leaves several open questions. The White House has not confirmed whether the US will only retain seized Bitcoin or eventually acquire more.
For markets, the coming announcement could clarify whether the reserve remains an asset-management policy or becomes a broader sovereign Bitcoin strategy.
The post White House Says Bitcoin Reserve Announcement Coming in Weeks appeared first on BeInCrypto.
Market Context
US Bitcoin Reserve Plan is Coming Together
Witt appeared to be referring to the alleged $46 million theft from US Marshals Service crypto wallets, which surfaced earlier this year and led to the March arrest of John Daghita in Saint Martin.
Why It Matters
The comments offer the latest signal that the Trump administration is moving from policy design to implementation after creating the Strategic Bitcoin Reserve earlier this year.
Witt’s remarks suggest custody and security are now central to the next phase.
Details
The case raised fresh questions about how federal agencies secure seized digital assets as the White House builds its Strategic Bitcoin Reserve.
He said the incident showed why President Donald Trump had instructed federal agencies to treat digital assets more seriously.
Lots of Behind-the-Scene Operations for Trump’s Strategic Bitcoin Reserve
The Strategic Bitcoin Reserve was created by executive order in March 2025. It directs the federal government to hold forfeited Bitcoin as a reserve asset rather than sell it through the usual disposal process.
The order also created a separate US Digital Asset Stockpile for other crypto assets obtained through forfeiture. It instructed federal agencies to account for their digital asset holdings and review how those assets should be transferred, secured, and managed.
However, the reserve has not yet become a full accumulation program. The administration has said any future Bitcoin acquisition strategy must be budget-neutral, meaning it should not require new taxpayer spending.
It has also not fully detailed which agency will control custody, how holdings will be audited, or how assets will move from enforcement agencies into the reserve.