US Government Unlikely to Buy Bitcoin En Masse, Says Bitget CEO

Bitget's CEO Gracy Chen has expressed skepticism about the US government actively purchasing Bitcoin on the open market to expand its Strategic Bitcoin Reserve. In a recent interview, she stated that such acquisitions are 'improbable' from a policy standpoint and unlikely to materialize within the next two years.

The Strategic Bitcoin Reserve was formalized through an executive order signed on March 6, 2025. This directive primarily capitalizes the reserve with Bitcoin federal authorities already obtained through criminal and civil asset forfeiture proceedings. The order does not authorize using taxpayer funds for market purchases, instead requiring budget-neutral approaches that impose no extra costs on American taxpayers.

Chen's assessment aligns with the practical constraints of the current setup. Actively purchasing Bitcoin would represent a significantly larger policy decision requiring extensive debate among lawmakers, political parties, and other stakeholders. The administration has maintained a relatively crypto-friendly stance, but turning the reserve into an active buying program is not straightforward.

The no-sale provision removes a potential source of future supply pressure on the market, offering some stability. However, it does not create ongoing demand that scheduled government purchases might. Chen also noted that if the US did begin accumulating Bitcoin, the impact could be substantial and potentially drive prices higher as other jurisdictions and US states take notice.