In an interview reported by ChainCatcher on November 11, 2026, Patrick Witt said the US Treasury has discussed potential ways to acquire Bitcoin. The paths he described were revaluing gold reserves, using the Exchange Stabilization Fund, converting other assets, and collecting taxes and fees in Bitcoin. He said those options still require further legal analysis.
Acquisition paths under discussion
The reported discussion covers four routes rather than an adopted purchase program. Because further legal analysis is still required, none of the routes is presented as approved or ready to use.
Holdings check and custody
Bitcoin held by US government agencies is undergoing a second round of verification aimed at improving data accuracy. Whether the specific size of those holdings will be made public has not been decided. The Treasury is also building a Bitcoin custody arrangement that could combine self-custody with third-party custody.
White House crypto responsibilities
The executive director role on the White House Crypto Council will not be filled. Related duties are to be shared by offices including the White House Office of Legislative Affairs and the White House Counsel’s Office, along with other departments.
These points reflect interview statements as reported on November 11, 2026. They describe discussions and administrative steps; they do not establish that a purchase path has cleared legal review, that holding amounts will be disclosed, or that a custody model has been finalized.
