- Patrick Witt, executive director of the President's Council of Advisers on Digital Assets, said on October 14, 2026 that the administration is focused first on safeguarding and accounting for existing government Bitcoin.
- Witt said no specific purchase strategies have been set and pointed to no imminent policy changes or announced timelines for reserve purchases.
- Government Bitcoin holdings were estimated at 319,000 to 328,000 BTC as of early October 2026, worth roughly $26 to $28 billion at $82,000 to $83,000 per coin.
- Bitcoin briefly slid below $80,000 on October 15 as US stocks opened lower, with the Nasdaq 100 dropping as much as 1.8% after signs of slowing revenue growth at Anthropic.
- Treasury yields fell as investors sought safety in bonds, while producer-price data and stronger-than-expected retail sales did little to shift expectations that the Federal Reserve will keep rates higher for longer.
- The government is neither buying nor selling, which removes a potential source of sudden supply or demand shocks for traders, and the buy-side reserve narrative is pushed further into the future.
Quotes
“Bitcoin briefly slid below $80,000 for the first time in almost a month”
“The government is neither buying nor selling right now”