David Sacks Reveals U.S. Could Acquire More Bitcoin: What It Means for the Future

During a public discussion at the Bitcoin 2025 conference, David Sacks, the U.S. government’s lead advisor on artificial intelligence and cryptocurrency policy, hinted that the United States might increase its Bitcoin holdings, under specific conditions. 

His comments sparked new interest in the government’s approach to digital assets, particularly in light of the strategic reserve established by President Donald Trump’s executive order.

As governments around the world examine how to regulate or integrate cryptocurrencies, the idea that the U.S. could actively purchase more Bitcoin raises important questions. 

What role should digital assets play in national policy? And how realistic is this vision in terms of budgeting and political feasibility?

Let us break down what David Sacks actually said, how it ties into current U.S. Bitcoin strategy, and what the potential outcomes could be for crypto investments and the Bitcoin market as a whole.

David Sacks on the Pathway to U.S. Bitcoin Acquisition

On May 27, 2025, David Sacks participated in a fireside chat with Gemini co-founders Cameron and Tyler Winklevoss. 

During the conversation, he emphasized that while no commitment has been made, the U.S. government does have a legal pathway to increase its Bitcoin reserves. 

The key condition, according to Sacks, is that any acquisition must be carried out in a “budget-neutral” way.

“I can’t promise anything,” Sacks noted, “but there is a pathway to doing that. If they can figure out how to fund it, they actually do have presidential authorization ready.”

This statement refers to an executive order signed by Donald Trump in March 2025, which created a strategic digital asset reserve. That reserve initially included 200,000 Bitcoin—worth around $22 million at the time—seized through civil and criminal asset forfeitures.

Read also: Understanding a Strategic Bitcoin Reserve and Notable Examples

Budget-Neutral Means No New Debt or Taxes

A central point in Sacks’ remarks was the requirement that any further U.S. Bitcoin acquisition must not add to the national debt or require new taxes. The government would need to reallocate unused funds from existing programs rather than create new spending.

“Specifically, if either the Commerce Department or the Treasury Department can figure out how to fund it without adding to the debt, then they are allowed to create those programs,” Sacks explained.

This approach aims to strike a balance between increasing national crypto holdings and maintaining fiscal responsibility. 

The decision would ultimately rest with key figures such as Commerce Secretary Howard Lutnick or Treasury Secretary Scott Bressent, who would need to approve and fund the purchase.

A Broader U.S. Crypto Strategy

David Sacks’ comments are part of a broader conversation about the United States' long-term digital asset policy. 

In addition to the strategic Bitcoin reserve, Sacks mentioned other legislative efforts, including the Genius Act focused on stablecoins and a new market structure bill. Both are expected to progress before August 2025.

These efforts signal an increasing willingness by the U.S. government to create a comprehensive regulatory and strategic framework for cryptocurrencies. 

By potentially increasing Bitcoin holdings and supporting regulatory reform, the U.S. may be looking to solidify its leadership in global crypto markets.

President Trump’s administration appears to view crypto assets not only as financial instruments but also as strategic assets. 

This aligns with a growing global narrative where Bitcoin is no longer seen purely as an investment, but also as part of national monetary and security strategy.

Read also: The US is Planning a Gold-Bitcoin Reserve, How Far is the Progress?

How Much Bitcoin Does the U.S. Currently Hold?

As of April 2025, the U.S. government holds approximately 198,012 Bitcoin, valued at over $21 billion at current market prices. These holdings come primarily from major criminal and civil seizures:

• In November 2020, authorities seized 69,370 Bitcoin connected to the Silk Road marketplace.
• In March 2022, another seizure of 51,351 Bitcoin was made, also linked to Silk Road activity.
• On January 31, 2022, 94,636 Bitcoin was seized from Bitfinex hacker Ilya Lichtenstein.

The U.S. has also sold a portion of its Bitcoin in the past. For instance, in March 2023, the Department of Justice sold 9,861 Bitcoin for $215.7 million. 

In January 2025, it received clearance to sell up to 198,109 Bitcoin, though the full amount has not yet been offloaded.

What Could This Mean for the Bitcoin Market?

If the U.S. government begins to purchase Bitcoin actively through surplus budgets, it could signal strong institutional support for the asset class. 

Such a move would likely generate bullish sentiment among retail and institutional investors, further legitimizing Bitcoin as a long-term store of value.

Increased U.S. holdings may also influence other countries to consider similar strategies. Governments that were previously cautious about crypto adoption might view the U.S. approach as a model for integrating Bitcoin into national policy frameworks.

However, this would also raise regulatory questions. How will the government manage its Bitcoin reserves? Will policies change depending on which administration is in power? And how will this impact overall market liquidity?

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Frequently Asked Questions (FAQ)

Q: Who owns 90% of Bitcoin? 

A: As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, meaning a small number of holders control a large portion of Bitcoin.

Q: Who is CEO of Bitcoin? 

A: Bitcoin does not have a CEO or a central bank; it is not controlled by any single person or entity. It was created by an unknown individual or group and is governed by its community through a system called "rough consensus."

Q: What is Bitcoin used for in USA? 

A: In the USA, Bitcoin can be used by speculators, investors for investment purposes, and by consumers for making purchases or exchanging value.

Q: Who is the richest Bitcoin owner? 

A: Some of the richest Bitcoin owners include Changpeng Zhao (CZ), Brian Armstrong, Michael Saylor, Giancarlo Devasini, and Chris Larsen.

Q: Who is the real owners of Bitcoin? 

A: Since Bitcoin is an open-source, decentralized digital currency and blockchain technology, no one single entity owns it. Satoshi Nakamoto created it to be a decentralized and community-driven project.

Q: Who owns the largest Bitcoin? 

A: Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to be the largest individual holder, estimated to hold around 1.09 million coins. Individuals with massive Bitcoin holdings are often referred to as "Bitcoin whales."