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Bo Hines: US Government Holds Bitcoin Amount Currently "Cannot be Discussed"

By: theblockbeats.news|2025/07/31 13:02:25

BlockBeats News, July 31st, White House Cryptocurrency Committee Executive Director Bo Hines refused to disclose the amount of Bitcoin held by the U.S. government in the latest podcast episode. Previous reports suggested that the actual amount of Bitcoin held by the U.S. government may be much lower than the 200,000 estimated by former Trump cryptocurrency advisor David Sacks, with the actual amount being only 29,000.

Regarding the specific number, Hines stated that it is "currently unable to be discussed," but confirmed that the government plans to increase its Bitcoin holdings through a "budget-neutral" approach. Due to differences in asset classification, only forfeited Bitcoins that have completed judicial proceedings can be counted as government assets, while Bitcoins under seizure still face legal uncertainty.

U.S. June Core PCE Price Index YoY 2.8%, Expected 2.7%

The number of initial jobless claims in the United States was roughly flat last week, raising concerns among economists about potential underlying weakness.