The U.S. government holds approximately $17 billion in Bitcoin, which it won't sell, and also plans to continue to accumulate additional Bitcoin, Treasury Secretary Scott Bessent and Senate Committee on Banking Chairman Tim Scott reportedly revealed at a private dinner in Washington, D.C.
The two senior officials of the Donald Trump administration recently attended a private dinner with S. Matthew Schultz, chairman and CEO of the Bitcoin mining company Cleanspark (Nasdaq: CLSK) when the plan was discussed, Schultz shared on X .
Schultz revealed that they discussed several issues at the dinner:
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Market structure bill
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Economy
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Next Federal Reserve Chairman
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Sovereign AI
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Land and power
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Strategic Bitcoin reserve
He also shared that Bessent and Scott care enough about what the industry does to talk about how they can help.
"No other 'crypto' or AI folks were here."
Trump's goal to make U.S. 'Bitcoin superpower'
Notably, President Donald Trump signed an executive order in March to establish a U.S. strategic Bitcoin reserve. The order mandated that the reserve consist of forfeited coins and asked to explore budget-neutral ways to accumulate more coins at no additional cost to American taxpayers.
Trump has proclaimed that the goal of his administration is to turn the U.S. into the Bitcoin superpower and the "crypto capital of the world."
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As of Jan. 6, the U.S. led the world in Bitcoin mining, followed by Russia and China, as per Hashrate Index . States like Texas and Wyoming have emerged as industry hubs due to their business-friendly policies and cheap power.
Bitcoin only recently surpassed the $126,000 price mark amid the government shutdown to hit a new record high. As per Kraken's price feed , BTC was trading at $123,264.92 at the time of writing.
This story was originally reported by TheStreet on Oct 9, 2025, where it first appeared in the Policy section. Add TheStreet as a Preferred Source by clicking here.
