Alex Thorn, Head of Corporate Research at Galaxy Digital, has suggested that the U.S. government may be preparing to add Bitcoin to a new kind of strategic reserve, marking a major shift in its approach to digital assets.
Speaking in a recent interview, Thorn pointed to a March executive order on digital asset management that laid the groundwork for this possibility. The directive prohibits the federal government from selling any Bitcoin it holds and instructs the Commerce and Treasury Departments to find creative ways to acquire more—without tapping into taxpayer funds.
While Thorn previously believed the government might simply hold onto existing Bitcoin, he now sees the prospect of direct purchases as far more realistic under the new policy.
The executive order takes a firm stance against altcoins, barring any official purchases while leaving their management to individual agencies.
Thorn noted that one potential strategy could involve liquidating altcoins already in federal possession—perhaps acquired through seizures or enforcement actions—and swapping them for Bitcoin, possibly without needing to convert them to fiat currency.
Agencies were given 30 days to report on existing Bitcoin reserves, though the findings have yet to be made public. Thorn suspects that the report has already reached the White House.
Adding fuel to the speculation, Treasury Secretary Carla Besson recently referred to Bitcoin as a “store of value,” signaling a possible ideological shift at the top. Prominent voices like Bo Hines and David Sacks have also pushed the narrative that Bitcoin should be treated as a strategic asset in the national interest.
Thorn admitted that funding any Bitcoin accumulation without affecting the federal budget remains a logistical challenge. However, he believes the answer might lie in quietly held altcoin reserves that have gone largely unnoticed, even by lawmakers—assets that could be quietly sold to finance Bitcoin acquisitions under the radar.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
