- David Sacks confirmed U.S. presidential authorization exists to acquire more Bitcoin, strictly requiring budget-neutral funding without new debt or taxes.
- The existing 200,000 BTC reserve came from seized assets; new buys need surplus funds or private deals meeting neutrality rules.
David Sacks, the U.S. Presidential Adviser on crypto assets, confirmed a potential path for the federal government to acquire more Bitcoin. Sacks stated this acquisition requires a specific funding method: it must be budget-neutral. This means the purchase cannot increase national debt or require new taxes. The authority stems from President Donald Trump’s March 2025 executive order establishing a national Bitcoin reserve.
During a public discussion with Gemini founders Cameron and Tyler Winklevoss, Sacks outlined the situation. “I can’t promise anything,” Sacks said, “but there is a pathway to doing that… if they can figure out how to fund it, they actually do have presidential authorization ready.” He clarified that progress depends entirely on finding acceptable funding sources without adding financial burden.
The existing reserve holds approximately 200,000 Bitcoin. This Bitcoin originated from government seizures related to civil and criminal cases. Sacks suggested potential funding methods for further purchases. These include utilizing surplus money from other government programs. He also mentioned seeking purchases from private figures like Howard Lutnick and Scott Bressent, potentially linked to avoiding future cryptocurrency taxes.
Sacks detailed the strict budget-neutral requirement.
“If it can be done in a budget-neutral way, 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.“
Cabinet officials bear responsibility for developing these funding strategies. Options involve reallocating unused funds already within the federal budget.
President Trump aims to achieve key crypto legislation by August. Sacks expects passage of the Genius Act, focused on stablecoin regulation. He also anticipates approval of a comprehensive market structure bill before August.
