Bitget CEO Gracy Chen has stated she does not expect the US government to make any open-market Bitcoin purchases before the end of President Donald Trump’s term in January 2029. The Strategic Bitcoin Reserve was created by an executive order in March 2025 and is limited to Bitcoin seized or forfeited through criminal and civil asset proceedings, without using public funds. The executive order also prohibits the government from selling its holdings, creating a one-way door. While Treasury Secretary Scott Bessent has expressed support for Bitcoin as a strategic asset, no acquisition plans have been announced and open-market purchases would require Congressional authorization, which has not yet gained serious legislative traction.
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