Summary
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Bo Hines of the Presidential Council of Advisers for Digital Assets announced the Trump administration’s plan to acquire Bitcoin using budget-neutral strategies.
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The administration views Bitcoin as a strategic commodity asset, comparable to digital gold, for the United States.
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Acquisition methods are intended to be budget-neutral to avoid impacting taxpayers, and will be developed in collaboration with the Treasury and Department of Commerce.
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Treasury Secretary Scott Bessent indicated that initial steps include halting government liquidation of seized Bitcoin, followed by exploring further acquisition of Bitcoin and potentially other cryptocurrencies.
Trump Administration Aims to Procure Bitcoin Through Budget-Neutral Strategies
According to Bo Hines, executive director of the Presidential Council of Advisers for Digital Assets, the Trump administration intends to procure Bitcoin using methods that do not increase the national budget.
Bitcoin is being considered by the administration as a strategic asset, comparable to digital gold, for the United States.
Hines, speaking at Blockworks’ Digital Asset Summit 2025, stated that the Trump administration is committed to aggressively acquiring Bitcoin without impacting taxpayers. He clarified that acquisition would be achieved via budget-neutral approaches.
“The President was determined to establish the SBR. We aimed to ensure its proper establishment, respecting Bitcoin’s unique nature, and recognizing innovation across the digital asset domain,” Hines conveyed.
The administration’s stance classifies Bitcoin as a commodity, not a security, highlighting its inherent store of value and distinct attributes.
Hines elaborated, “Bitcoin is a commodity, not a security. It possesses inherent stored value and traditional acceptance. David aptly describes Bitcoin as an immaculate concept, lacking an issuer.
Leading the Crypto Council under President Trump’s appointment, Hines is collaborating with David Sacks, the White House’s crypto and AI advisor. Their joint objective is to promote innovation and expansion within the cryptocurrency sector.
“It is essential for the United States to possess, maintain, and continue developing Bitcoin,” Hines asserted, drawing an analogy between Bitcoin and gold’s strategic importance.
Hines further indicated that the administration is concentrating on identifying budget-neutral methods for increased Bitcoin acquisition to avoid taxpayer burden.
He mentioned that Trump’s Crypto Council is cooperating with the Treasury and the Secretary of Commerce to formulate practical acquisition strategies.
When questioned about the scale of acquisition targets, Hines likened it to querying a nation’s desired gold reserves, implying a desire for maximum possible accumulation.
“It’s akin to asking a country, how much gold is desired? The answer is, as much as possible,” he responded.
Earlier in the month, in an interview on CNBC’s Squawk Box, Treasury Secretary Scott Bessent, a known proponent of Bitcoin, mentioned ongoing discussions regarding Bitcoin acquisition plans. Bessent specified that an initial measure would be to halt the government’s ongoing liquidation of seized Bitcoin.
Bessent added that subsequent steps would involve investigating avenues for further BTC accumulation. He also indicated that while Bitcoin is the primary focus, the initiative’s scope could broaden to include a wider crypto reserve.
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