Trump plans to use tariff revenue and other unconventional fiscal tools to grow the United States’ Bitcoin holdings, according to senior White House officials.
The administration is considering various strategies to strengthen the country’s crypto reserves, including revaluing the Treasury’s gold certificates.
Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, revealed the administration’s intentions during a podcast interview on Monday. He stated that all possible options are being reviewed as the government looks to expand its Bitcoin portfolio.
Gold certificate revaluation could unlock billions
Hines highlighted the potential of gold certificate revaluation as a key funding mechanism for future Bitcoin purchases. Currently, many of the Treasury’s gold certificates are valued at approximately $43 per ounce. However, with the market price of gold now around $3,100 per ounce, revaluing these assets could generate a significant surplus of capital.
He explained that this surplus could be allocated to Bitcoin acquisitions, providing a way to boost the Strategic Bitcoin Reserve without raising new debt. He also mentioned that tariff revenues remain a strong candidate for funding purchases. Hines emphasized that the administration will use every legal and financial avenue available.
Bitcoin Act reintroduced to support accumulation
Senator Cynthia Lummis has reintroduced the Bitcoin Act in 2025, which proposes that the federal government aim to acquire up to 1 million Bitcoins over five years. Hines referred to the legislation as a promising initiative and acknowledged that its success depends on bipartisan support and strong co-sponsorship.
He added that utilizing the gains from revalued gold could serve as a budget-neutral method to support the proposal. Hines also suggested that the President supports such efforts, noting Trump’s enthusiasm for Bitcoin and digital innovation.
Questions linger around Trump-linked crypto ventures
The podcast did not address potential conflicts of interest regarding President Trump’s connections to crypto projects, including the TRUMP memecoin and other ventures with World Liberty Financial. Critics, including several Democratic lawmakers, have raised concerns over these associations.
Meanwhile, the administration has yet to confirm the results of an internal audit of the nation’s Bitcoin holdings. President Trump’s March executive order required the Treasury to complete the audit within 30 days. Reports estimate that the US currently holds over 200,000 Bitcoins, though the official number remains unverified. Hines did not comment on the audit during the interview.
In his first month in office, Hines has met with over 50 industry leaders, including figures from Ripple, Andreessen Horowitz, and Bank of New York Mellon.