ChainCatcher reported an interview with Patrick Witt in which he said the US Treasury has discussed several potential ways to acquire Bitcoin. The paths he described were revaluing gold reserves, using the foreign-exchange stabilization fund, converting other assets, and collecting taxes and fees in Bitcoin. Those proposals, he said, still require further legal analysis.
The same report said Bitcoin held by US government agencies is undergoing a second round of verification intended to improve the accuracy of the data. It has not been decided whether the specific size of those holdings will be made public. The Treasury is also building a Bitcoin custody system that may combine self-custody with third-party custody.
Witt also said the executive director post at the White House Crypto Council will not be filled. Related duties are to be shared by the White House Office of Legislative Affairs, the White House Counsel’s Office, and other departments.
What remains unresolved in the report is the legal analysis of the acquisition paths, any decision to publish holding amounts, and the final shape of the hybrid custody arrangement. The council’s executive director role is described as staying unfilled.
ChainCatcher published the report on November 11, 2026, at 18:01 (UTC+8). This is that earlier account, not a new announcement.
Original article on ChainCatcher
