David Sacks, the White House’s lead advisor on artificial intelligence and cryptocurrency, recently suggested that the United States could increase its Bitcoin holdings—provided it can be done without new taxes or worsening the national debt.
Speaking at the Bitcoin 2025 conference on May 27 in a fireside chat with Gemini founders Cameron and Tyler Winklevoss, Sacks indicated that although no commitment has been made, there is a possible route for the government to acquire additional Bitcoin (BTC).
That route would involve securing support from Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson, and finding unused funds from other federal programs. “If we can reallocate funds from an area that’s currently underutilized, it might make sense to invest in Bitcoin,” Sacks explained.
He added, “It all depends on whether Commerce or Treasury can get behind the idea—and if they can figure out a way to do it without raising taxes or increasing the deficit, they already have the executive authority to act.”
This opportunity stems from an executive order issued on March 6, which laid the groundwork for a national crypto reserve. Under this policy, the government is allowed to hold and even purchase more Bitcoin, as long as acquisitions remain budget-neutral.
Currently, the U.S. holds an estimated 198,012 BTC—valued at over $21 billion according to CoinGecko’s April data. Much of this was obtained through major crypto asset seizures, including:
- 69,370 BTC in a 2020 operation related to the Silk Road darknet marketplace,
- 51,351 BTC seized in March 2022 in a related investigation, and
- 94,636 BTC confiscated from Bitfinex hacker Ilya Lichtenstein after investigators accessed encrypted files containing private wallet keys.
The Department of Justice received authorization earlier this year to sell 198,109 BTC, having already sold off a portion in March 2023—netting $215.7 million from the sale of 9,861 Bitcoin.
While there’s no formal plan in place, Sacks emphasized that expanding the government’s Bitcoin holdings remains a possibility—so long as the right financial pathway can be found.
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