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Trump's claim that "the U.S. holds 300k BTC and will not sell"
Recently, a piece of news about Donald Trump has been widely circulated in the crypto market—"The U.S. government holds about 300k Bitcoins and will not sell." This statement quickly sparked market discussion, with many investors even interpreting it as an important signal that Bitcoin has entered the era of "state endorsement."
But if we analyze the source of the information and the policy background, this claim is not entirely accurate.
1. Source of the message: Not from Trump himself
First, it needs to be clarified that this statement does not come directly from Donald Trump, but originates from his son Eric Trump’s speech at a Bitcoin conference.
At that event, Eric Trump mentioned that the U.S. government currently holds about 300k BTC and implied that these assets will not be sold. This view was subsequently propagated and gradually evolved into a "Trump statement" version, spreading rapidly on social media.
This dissemination path itself has already planted the seed of information bias.
2. 300k BTC: Basically true, but considered a "historical legacy"
From a data perspective, the claim of "300k BTC" is not unfounded.
For a long time, the U.S. government has confiscated a large amount of Bitcoin through law enforcement actions (such as cracking down on dark web platforms, cybercrime, etc.), with the most typical case being the "Silk Road" incident. These assets are usually managed by the United States Marshals Service and have been gradually disposed of through auctions in the past.
Therefore, the current market generally estimates that the U.S. government holds between 200k and 300k BTC, which can be considered "basically true."
However, it should be noted that these BTC are not actively allocated but are law enforcement assets passively acquired, fundamentally different from sovereign wealth funds or central bank reserves.
3. "Will not sell": Policy inclination, not a confirmed fact
What truly causes market sentiment to fluctuate is the phrase "will not sell."
From a policy perspective, the Trump camp has indeed shown clear signals of crypto friendliness in recent years. For example, discussions around "strategic Bitcoin reserves" have gradually heated up, similar to gold reserves, viewing Bitcoin as a long-term strategic asset.
But the issues are:
- The U.S. government has auctioned BTC multiple times in the past, not holding long-term
- "Strategic reserves" are still largely at the policy conceptual stage
- There is no legally binding mechanism explicitly stating "never sell"
In other words, a more accurate current statement should be:
👉 Policy direction may lean toward reducing sales, but "never sell" has not been institutionalized or confirmed.
4. Why is the market so excited?
Despite the biased information, this news still spread rapidly, reflecting the market’s high sensitivity to "state-level buying."
At this stage, Bitcoin’s price is largely constrained by macro liquidity and selling pressure structures. If the U.S. government shifts from a "potential seller" to a "long-term holder," the symbolic significance far exceeds actual supply and demand changes:
- Reduced selling pressure (fewer auctions)
- Narrative upgrade (transition from risk assets to reserve assets)
- Strengthened policy endorsement (sovereign-level recognition)
This is also why similar statements, even if unconfirmed, can influence market sentiment in a short period.
5. Beyond truth or falsehood, the more important aspect is the trend
Returning to the initial question—"Is it true that Trump said the U.S. holds 300k BTC and will not sell?"
The answer is:
✔️ The holding size: roughly accurate
❗ Source of information: not from U.S. President Trump himself, but from his son Eric Trump
❗ Not selling: not officially confirmed
But more than the truth or falsehood, what’s more worth paying attention to is that such narratives are gradually becoming one of the market’s main themes.