The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CryptoHigh ImpactUpdated•Originally published 19 April 2026•Updated 20 April 2026•

1 min read

White House to Formally Announce Strategic Bitcoin Reserve Within Two Months

Golden Bitcoin coins and wallets in front of the US Capitol building and American flag, with an upward trend graph.

Key Facts

1Patrick Witt confirmed the White House will release an official announcement regarding the Strategic Bitcoin Reserve within two months.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: The story was updated to include new data showing Binance reserves hitting multi-month lows and significant institutional inflows of 25,600 BTC into Spot ETFs last week.

Patrick Witt, a member of the President's Council of Advisors for Digital Assets, has confirmed that the White House is set to release an official announcement regarding a Strategic Bitcoin Reserve within the next 60 days. This move aligns with an executive order issued by President Donald Trump to institutionalize Bitcoin as a national reserve asset. Alongside these policy shifts, market data reveals a significant supply crunch as Bitcoin reserves on Binance have dropped to their lowest level since October 2025. Institutional demand continues to accelerate simultaneously, with Spot Bitcoin ETFs adding 25,600 BTC to their holdings last week alone. This formal recognition of BTC as a strategic asset, combined with dwindling exchange liquidity and massive ETF inflows, marks a fundamental shift in fiscal policy. Analysts anticipate that these factors will significantly reduce sell pressure and drive sustained bullish momentum across the global crypto market.