The US government has hinted at plans to accumulate additional Bitcoin to boost its reserve. In his latest speech, US President Donald Trump stated that the Treasury and Commerce Departments will explore new pathways to accumulate additional Bitcoin holdings into the reserve, provided it is done at no cost to taxpayers.
It is worth noting that the US government established a Strategic Bitcoin Reserve by executive order in March 2025, nearly a year ago, with about 200,000 BTC from seized assets. Trump’s statement that the next accumulation phase will not involve taxpayers’ money has sparked interest in the procurement model the government will adopt.
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Many people believe the government will revert to the reallocation of assets as the main route of acquiring more Bitcoins for its Strategic Reserve. In the meantime, Rep. Warren Davidson’s Bitcoin for America Act complements Trump’s proposal. The Act proposes letting Americans pay federal income taxes in Bitcoin. The system will funnel those payments into the reserve without capital gains tax on the amount.
Notably, Trump’s latest comments about increasing the government’s Bitcoin reserve come amid early signs of a resurgence in the digital asset’s price. According to TradingView’s data, Bitcoin found support at $59,930 after a three-week-long continuous decline. The cryptocurrency, which recently dropped below $60,000 for the first time since October 2024, showed signs of a downtrend exhaustion.
BTCUSD Daily Chart on TradingView
The above chart shows that Bitcoin is struggling to break above a horizontal Fibonacci resistance, which has formed an initial obstacle to the ongoing resurgence. The planned BTC accumulation by the US could serve as the tailwind behind the next phase of the cryptocurrency’s rally.
(adsbygoogle = window.adsbygoogle || []).push({});It has the potential to boost institutional demand, amplify users’ confidence in Bitcoin price reversal, and encourage retail traders to return to the Bitcoin market. Bitcoin traded for $68,542 at the time of writing, according to data from TradingView.
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