Jim Cramer, a well-known financial commentator and television personality, recently stated that he had been informed about plans within the Trump administration to commence Bitcoin purchases for the U.S. Strategic Reserve once the cryptocurrency's price reaches $60,000. This revelation emerged during Cramer's appearance on CNBC's Squawk on the Street program, where he articulated, "I heard at $60,000 the President is gonna fill the Bitcoin Reserve."
This notion surfaced concurrently with Bitcoin's significant price decline earlier in the week, where the cryptocurrency nearly breached the $60,000 level before recovering above $70,000. Should Cramer's information prove accurate, it would imply that Bitcoin prices must depreciate by over 15% to trigger the administration's acquisition activity.
According to blockchain analytics provided by Arkham, the U.S. government currently possesses 328,372 Bitcoins, valued at more than $23 billion. Analysis of on-chain data shows that the government's Bitcoin holdings have remained static since the previous month, with no detected inflows into the known government wallet.
Attempts to obtain commentary from the U.S. Treasury Department regarding these speculations were met with no immediate response.
Additional context comes from an executive order issued in March 2025, which outlined that any Bitcoin allocated to the strategic reserve would originate exclusively from criminal and civil asset forfeitures. Furthermore, the order mandates that Bitcoins placed into the reserve are not to be sold.
In a related development, Treasury Secretary Scott Bessent clarified earlier in the week that the federal government lacks the legal authority to support or provide financial bailouts for Bitcoin using public funds. He underscored that neither the Treasury Department nor federal regulators possess the power to compel financial institutions to purchase Bitcoin or utilize public resources for investments in cryptocurrencies, including Bitcoin or tokenized assets associated with former President Donald Trump.
Meanwhile, market sentiment regarding the establishment of a strategic Bitcoin reserve appears to be evolving. On the prediction market Polymarket, the likelihood of such a reserve being officially created before 2027 has increased to 31%, up from 23% in early January.
Regarding current market performance, Bitcoin was trading at $71,133.74 at the time of this report, reflecting an increase of 3.03% within the previous 24 hours, as per data gathered from Benzinga Pro.