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The White House has drawn criticism for its lack of transparency regarding the U.S. government's Bitcoin holdings, despite the release of a 163-page federal digital-asset policy report on 30 July 2025. The report, touted as a comprehensive strategy to position the U.S. as the “crypto capital of the world,” outlined regulatory, tax, and market-structure proposals but offered little clarity on the rumored Strategic Bitcoin Reserve (SBR) [1].
Executive Director Bo Hines of the President’s Council of Advisers on Digital Assets confirmed the existence of the reserve but declined to disclose the current holdings, citing ongoing infrastructure development and operational sensitivities. Hines stated, “Well, look, we have it. It’s been established through executive order in the SBR,” but offered no estimates of the amount held or future acquisition timelines [1].
The report reiterated existing executive orders directing the Treasury to establish the SBR using forfeited crypto assets and to explore budget-neutral methods of acquiring additional Bitcoin. However, it avoided detailing any specific strategies, leaving institutional investors and market analysts in the dark [1].
Analysts, including macro analyst MacroScope, have speculated that the administration views the current holdings as a sensitive issue. This has led to growing speculation that the government may hold less Bitcoin than previously assumed, potentially due to prior sales during the Biden administration [1].
The absence of concrete details has created uncertainty among investors at a time when sovereign Bitcoin accumulation is gaining traction globally. While Hines reaffirmed the administration’s support for Bitcoin, calling it “in a class of its own,” he provided no actionable insight into how the U.S. plans to acquire more Bitcoin in a budget-neutral manner [1].
As macro analysts suggest, any future disclosures about the SBR could have significant implications for both national policy and institutional investment strategies. For now, the opaque nature of the reserve continues to fuel speculation and frustration in the crypto community [1].
Source: [1] [White House Dodges Bitcoin Reserve Questions As Crypto Report Disappoints](https://bitcoinist.com/bo-hines-bitcoin-reserve-crypto-report/)

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