Bo Hines Doubles Down: US Bitcoin Holdings Off the Auction Block—Strategic Reserve Here to Stay
In a move that’s got crypto bulls cheering—and goldbugs grumbling—North Carolina’s Bo Hines just declared the US won’t liquidate its Bitcoin stash. No fire sales, no panic dumping into bear markets. Just cold, hard HODLing as national policy.
Strategic reserves aren’t shopping carts for Treasury whims, apparently. Who knew?
Meanwhile, Wall Street banks quietly recalculate their ‘digital gold’ price targets—again.
Open-ended accumulation with budget neutrality
Hines rejected the idea of a numeric target for federal holdings and clarified that there is no cap. He said:
He added the reserve framework instructs officials to find “budget-neutral ways” to grow the stack, and the working group continues to study options that meet that condition.
Conference speakers suggested ways to add Bitcoin to the reserve without using taxpayer funds.
VanEck’s head of digital assets research, Matthew Sigel, shared the concept of a. Miners WOULD pay a fraction of their block rewards in BTC to a government wallet, streamlining the accumulation process.
Furthermore, crypto mining plants that utilize wasted methane would be exempt from taxes.
Galaxy Digital’s head of research, Alex Thorn,is to sell altcoins from the Digital Asset Stockpile and use the proceeds to acquire more BTC.
He added: