Crypto News
| Published On May 28, 2025 11:36 am CEST | By Peter Siu

David Sacks Says US Can Acquire Bitcoin Without Adding Debt

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The possibility of the United States adding more Bitcoin to its holdings came up during a recent fireside chat at the Bitcoin 2025 conference. David Sacks, who serves as the White House’s lead on both AI and crypto policy, explained that there is a legal path to do so—if certain conditions are met.


Good to know

  • The US currently holds nearly 200,000 Bitcoin.
  • A March 6 executive order allows more purchases if funded without raising debt.
  • Treasury or Commerce departments would need to approve any new acquisition.

Speaking with Cameron and Tyler Winklevoss at the conference, Sacks said that although he could not guarantee anything, it is technically possible for the US government to expand its Bitcoin reserves. The key factor, according to him, is finding a way to finance it that does not increase the national debt or require new taxes.

He explained that such a plan would need the approval of either Treasury Secretary Scott Besson or Commerce Secretary Howard Lutnick. The funding would have to come from reallocating unused government program funds, he suggested.

“Maybe by finding the money from some other program that’s not using it — then we could potentially acquire more Bitcoin,” Sacks said.

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Executive order already opened the door

Earlier this year, a presidential executive order laid the groundwork for a federal crypto reserve. The order included a clause allowing the government to hold Bitcoin that is seized through criminal or civil asset forfeiture. However, Sacks pointed out that it also permits additional Bitcoin purchases—if done in a way that does not affect the federal budget.

“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,” he explained.

This means the opportunity exists, but action depends on whether federal departments are willing to explore the logistics.

Next steps lie with federal agencies

Sacks said the decision now rests with key agencies. “The question is, can we get either the Treasury Department or the Commerce Department to get excited about that because if they do and they can figure out how to fund it, they actually do have presidential authorization,” he said.

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As of now, the US holds around 200,000 Bitcoin, most of it acquired through legal seizures. Whether that number grows could depend on internal negotiations within federal departments about reallocating budget lines without increasing overall spending.

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.