Cathie Wood: US Government May 'Allocate' to Bitcoin, Bolster National Strategic Reserve

ARK Invest founder Cathie Wood said on January 9 that the U.S. government may directly purchase Bitcoin in the future to build up the nation’s Bitcoin strategic reserve, instead of just relying on Bitcoin seized by law enforcement. Appearing on the *Bitcoin Brainstorm* podcast, Wood noted that while the Trump administration created a national Bitcoin reserve via executive order, the reserve has only included seized Bitcoin so far—no market purchases have been made. “The initial target was 1 million Bitcoin, so I think they’ll eventually start buying,” she said. Wood believes Trump will keep prioritizing crypto issues amid midterm election pressure, which bodes well for the Bitcoin strategic reserve. For one, Trump and his family have growing stakes in the crypto space; for another, the crypto community was a key factor in his presidential win. “He doesn’t want to be a lame duck—he wants one or two productive years in office, and he views crypto as a path forward,” Wood added. Reports indicate the Trump administration has signed several executive orders to establish a Bitcoin reserve and crypto asset inventory. It has also formed a crypto and AI working group led by David Sacks to advance industry legislation, including the GENIUS Act (a stablecoin bill).