Budget-Neutral Acquisition Of Bitcoin

The order authorizes the Treasury and Commerce secretaries to make additional Bitcoin purchases, but only if it can be done through budget-neutral means that “impose no incremental costs on American taxpayers.”

Saylor wrote on X that he had “a few budget-neutral strategies” the government could use to increase its Bitcoin holdings.

David Zell, co-president of the Bitcoin Policy Institute, said the president could use the Exchange Stabilization Fund — a Treasury fund traditionally used for foreign currency trades — to buy Bitcoin.

“The fund has a net position of ~[$39 billion], so substantial acquisition could begin right away,” he wrote.