# Treasury Develops Bitcoin (BTC) Custody System as Witt Details Purchase Routes

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/54789
Published: 2026-11-12T02:03:27.000Z
Updated: 2026-11-12T02:03:27.000Z
Section: Regulation

> The system may combine self-custody with third-party custody. Federal agencies are reviewing their Bitcoin holdings, but disclosure of specific totals remains undecided.

Patrick Witt said the Treasury Department is establishing a Bitcoin (BTC) custody system that may combine self-custody with third-party custody as federal agencies conduct a second review of government-held Bitcoin.

The review aims to improve the accuracy of agencies’ holdings data. Witt said whether to publish specific holdings figures remains undecided.

The [purchase routes discussed previously](<https://www.tokenpost.com/news/regulation/54780>) include revaluing gold reserves, using the Exchange Stabilization Fund, converting other assets and accepting Bitcoin for taxes and fees. Witt said each option requires further legal analysis.



## Links in this article

- [purchase routes discussed previously](https://www.tokenpost.com/news/regulation/54780)
