White House explores obtaining Bitcoin through federal funding to expand US strategic reserves

The White House is exploring obtaining Bitcoin through existing federal government funding inflows to expand the US strategic Bitcoin reserve. Patrick Witt, Executive Director of the Presidential Advisory Council on Digital Assets, told Lark Davis that open market purchases of Bitcoin require congressional authorization, and the government is studying ways to receive or convert existing federal funds into Bitcoin. The plan aims to follow President Trump's executive order to expand the US strategic Bitcoin reserves without increasing taxpayer spending.