U.S. White House Previews Massive Announcement... Is it Finally Moving to Stockpile 1 Million Bitcoins?

▲ White House Bitcoin / ChatGPT Generated Image

The U.S. White House has made significant progress in the administrative process to incorporate Bitcoin as a national strategic asset, making its integration into the mainstream increasingly visible.

According to Bitcoinist, a cryptocurrency media outlet, on April 28 (local time), White House virtual asset advisor Patrick Witt announced at the Bitcoin 2026 conference in Las Vegas that legal coordination regarding the protection and accounting treatment of government-held Bitcoins is underway. He explained that the administration has made significant progress since the strategic Bitcoin reserve executive order, and a related announcement is expected within the next few weeks.

Under the executive order, the arbitrary sale of Bitcoins held by the federal government will be restricted. The Department of the Treasury and the Department of Commerce must develop a budget-neutral strategy to expand Bitcoin holdings without increasing tax burdens. Witt emphasized that there has been substantial progress in the custody system and inter-agency cooperation structure.

The legislative branch is also moving simultaneously. House Representative Nick Begich plans to revise and reintroduce existing legislation as the ‘American Reserves Modernization Act.’ This bill includes provisions for the integrated management of Bitcoins dispersed across government agencies and their transfer to a responsible custody system.

The bill also includes provisions restricting the political use of reserve assets and collateralized loans. Begich made it clear that Bitcoin should be protected as a long-term national asset. This is interpreted as an attempt to establish an asset management system that is not swayed by short-term policy variables.

With the simultaneous policy initiatives from the executive and legislative branches, the pace of Bitcoin's integration into the mainstream is expected to accelerate. The United States is entering a phase of incorporating digital assets as a core element of its national financial strategy.

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