David Sacks believes U.S. can buy more Bitcoin
David Sacks says U.S. could buy more Bitcoin without raising taxes
White House AI and crypto czar David Sacks has suggested the U.S. government could purchase more Bitcoin — but only if it doesn’t require raising taxes or increasing the national debt.
Speaking at the Bitcoin 2025 conference in Las Vegas on May 27, Sacks said a pathway exists if agencies like the Treasury or Commerce Departments can reallocate unused funds, reports Cointelegraph.
“If they can fund it without a new tax or adding to the debt, then we could potentially acquire more Bitcoin,” he explained. Presidential authorization, he added, is already in place to support such a move. However, he emphasized there are no promises, and inter-agency coordination would be critical.
Executive Order Supports Crypto Reserve Expansion
Sacks referred to a March 6 executive order that created a national crypto reserve, allowing the U.S. to hold Bitcoin seized through criminal and civil asset forfeiture. According to Sacks, the order also provides room for further purchases if done in a “budget-neutral” manner.
Specifically, either the Treasury or Commerce Department must find ways to fund it from within existing budgets. This approach aligns with broader efforts to modernize the country’s digital asset policies without burdening taxpayers. The move could signal growing institutional acceptance of Bitcoin within the federal government.
Current Bitcoin Holdings and Past Seizures
The U.S. currently holds approximately 198,012 Bitcoin, worth more than $21 billion at today’s prices, according to CoinGecko. These holdings stem from several major seizures, including over 69,000 BTC from the Silk Road in 2020 and another 51,000 BTC in 2022. In addition, 94,636 BTC were confiscated from Bitfinex hacker Ilya Lichtenstein in 2022.
While a portion of these assets was sold in March 2023 for over $215 million, most remain in government wallets. Sacks noted that further purchases would depend on careful budgeting and alignment among federal agencies.
Recently we wrote that the U.S. cryptocurrency landscape is undergoing a seismic transformation as lawmakers and the White House reach consensus on pioneering digital asset policies.
