Scaramucci Repeats Case for a 500,000 BTC US Reserve as Policy Still Lags

SkyBridge Capital’s Anthony Scaramucci has been predicting a much larger US government Bitcoin position for well over a year now. He’s still making the case, and the underlying facts on the ground still haven’t caught up to it.

The White House’s crypto and AI czar David Sacks has estimated the government currently holds around 200,000 BTC, largely accumulated through asset forfeitures rather than open-market purchases. Scaramucci has repeatedly floated the idea that the US could add roughly 500,000 BTC on top of that as part of a formal strategic reserve, and argues Treasury Secretary Scott Bessent and Senator Tim Scott are both sympathetic enough to crypto that such a move could realistically clear the Senate.

What hasn’t changed is the gap between the idea and actual policy. President Trump did order a strategic Bitcoin reserve, but it doesn’t formally exist as a funded, structured program, and administration officials have said repeatedly that the government isn’t planning to spend taxpayer money to buy crypto outright. Any real expansion beyond the forfeiture-based 200,000 BTC currently held would likely need congressional action rather than executive order alone.

Predictions from a well-connected crypto investor about what Congress might eventually do are a useful read on sentiment inside that world, but they are not the same thing as a policy in motion. The reserve remains, for now, an unfunded executive order and a number in David Sacks’ estimate, not a growing position.

Want to understand what a national Bitcoin reserve would actually mean, and how it would differ from a corporate treasury? Learn more in the Bitcoin Academy.