US Will Not Sell Its 300,000 BTC Says Eric Trump as Sovereign Accumulation Story Takes Shape

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The conversation around Bitcoin at the Bitcoin 2026 in Las Vegas took a decisive turn this week after Eric Trump confirmed that the U.S. government is sitting on a massive stash of Bitcoin, and isn’t planning to sell.

“The US government holds 300,000 BTC and will not sell it,” Trump said during a panel, reinforcing the growing narrative that Bitcoin is no longer a short-term asset for governments but part of a long-term reserve strategy.

“Bitcoin Is Being Compressed”

Trump described what he calls a major “compression” happening in Bitcoin. In simple terms, more players are buying, and crucially, not selling. He stressed that while the narrative often focuses on Bitcoin’s 21 million supply cap, the real story is an even tighter supply because a large portion is lost or held long-term.

“People are not selling it. People are holding it. Bitcoin is becoming sticky,” he said, pointing out that long-term holders are replacing short-term traders.

Institutions Flip the Script

One of the biggest shifts is coming from traditional finance. Trump highlighted how major players that once dismissed Bitcoin are now actively building around it.

He pointed to JPMorgan Chase, noting how CEO Jamie Dimon once criticized Bitcoin but now allows clients to borrow against BTC for mortgages. Meanwhile, Charles Schwab is preparing to custody Bitcoin for its massive user base, signaling deeper institutional trust.

On top of that, BlackRock has pushed highly successful Bitcoin ETFs, with new yield strategies now being layered on top, further expanding institutional exposure.

Corporates, Governments, and Miners Step In

Beyond Wall Street, corporate and sovereign participation is rising. Trump highlighted firms like Michael Saylor’s company and Metaplanet, both aggressively accumulating Bitcoin.

Even governments are now part of the equation. He noted that the U.S. holds around 300,000 BTC and is not selling, while parts of the Middle East are using excess energy capacity to mine Bitcoin, turning unused resources into long-term assets.

“This Is Just Getting Started”

For Trump, the last six months have been “transformational” compared to the previous three years. Overall, according to him, the market is shifting from speculative cycles to structural accumulation.

“We are in the greatest period in the history of crypto… just hold on, it’s coming,” he said, expressing strong conviction that the current phase is only the beginning of a much larger move.