The U.S. government is set to announce the establishment of a Strategic Bitcoin Reserve (SBR) in the coming weeks, according to Patrick Witt, executive director of the President's Council of Advisors for Digital Assets. Speaking at CoinDesk's Consensus Miami conference, Witt revealed that the initiative aims to centralize and secure U.S.-held bitcoin and other digital assets, following an executive order from President Donald Trump. The move comes after reports of inadequate storage practices and a recent exploit involving the U.S. Marshals Service, which highlighted the need for better asset management. Witt emphasized the importance of safeguarding these assets before disclosing details about the reserve's size and structure. The reserve will not automatically absorb newly seized assets, as legal proceedings must be completed first. Legislative support is anticipated, with related bills pending in Congress.