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.”
US Bitcoin Reserve Plan is Coming Together
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 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.
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.
That leaves several open questions. The White House has not confirmed whether the US will only retain seized Bitcoin or eventually acquire more.
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.
Witt’s remarks suggest custody and security are now central to the next phase.
For markets, the coming announcement could clarify whether the reserve remains an asset-management policy or becomes a broader sovereign Bitcoin strategy.
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Source: https://beincrypto.com/white-house-bitcoin-reserve-update/
