In remarks reported by Odaily on November 11, 2026, Patrick Witt said in an interview that the Treasury has discussed potential routes for acquiring Bitcoin. The options he described are revaluing gold reserves, using the Exchange Stabilization Fund, converting other assets, and collecting taxes and fees in Bitcoin. He said these proposals still require further legal analysis.
Holdings verification
Bitcoin held by US government agencies is undergoing a second round of verification intended to improve the accuracy of the data. Whether the specific holding amounts will be made public has not been decided.
Custody and White House duties
The Treasury is also setting up a Bitcoin custody arrangement that may combine self-custody with third-party custody. Separately, the executive director role on the White House Crypto Council will not be filled by a successor. The related responsibilities are to be shared by the White House Office of Legislative Affairs, the White House Counsel’s Office, and other departments.
The account above is limited to what Witt’s interview remarks, as reported that day, actually stated. It does not establish that any acquisition path has been approved, that a holdings total has been finalized or disclosed, or that a custody system is already in operation. Any later legal finding, verification result, or organizational decision would change what can be inferred from this report.
Odaily newsflash, November 11, 2026, 18:01 UTC+8
