Bitget CEO Says US Open-Market Bitcoin (BTC) Buys For Strategic Reserve Are Not Likely

Bitget Chief Executive Officer Gracy Chen has expressed strong skepticism that the United States government will actively purchase Bitcoin on the open market to expand its Strategic Bitcoin Reserve before the end of President Donald Trump’s current term.

In a recent interview, Chen described such acquisitions as improbable from a policy standpoint, saying she does not expect them to materialize within the next two years.

The Strategic Bitcoin Reserve was formalized through an executive order signed on March 6, 2025.

That directive primarily capitalizes the reserve with Bitcoin federal authorities already obtained through criminal and civil asset forfeiture proceedings.

It does not authorize using taxpayer funds for market purchases.

Instead, any additional acquisitions must follow budget-neutral approaches that impose no extra costs on American taxpayers.

The order also generally prohibits selling Bitcoin held in the reserve, creating a one-way mechanism where seized assets can enter but do not routinely exit through auctions or liquidations.

Public estimates place current US government Bitcoin holdings associated with the reserve in the range of roughly 198,000 to over 300,000 BTC, depending on the tracker used, stemming largely from law enforcement actions rather than deliberate sovereign accumulation.