U.S. Government May Be Quietly Preparing to Stockpile Bitcoin, Analyst Suggests
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.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
