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According to pro-crypto Senator Cynthia Lummis, the United States may start gathering funds for the Strategic Bitcoin Reserve “anytime.” She proposed this initiative last year.
Summary
- Senator Cynthia Lummis asserts that the U.S. can initiate funding for its Strategic Bitcoin Reserve “anytime.”
- In March 2025, President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve (SBR).
- Funding for the U.S. Bitcoin reserve will be sourced from seized assets and budget-neutral methods.
After a period of silence, Lummis has revealed that the U.S. government is poised to fund the strategic Bitcoin reserve, which could commence at any moment, as stated in an Oct. 7 X post.
“Legislative processes can be tedious, and we are diligently working towards passage, but thanks to President Trump, fund acquisition for an SBR can begin anytime,” stated the Senator, though she did not provide further specifics.
Her remarks followed a video from ProCap BTC’s chief investment officer, Jeff Park, who proposed leveraging the government’s unrealized gains from gold holdings to make a long-term investment in Bitcoin to tackle the national debt.
Park mentioned that the U.S. government holds approximately $1 trillion in unrealized gains from its gold reserves, while confronting a national debt nearing $37.88 trillion.
“With Bitcoin, assuming a 12% annual increase, one could see a 30-fold return in 30 years,” he suggested, advocating for reallocating a fraction of those unrealized gold gains into Bitcoin.
“This perfectly articulates why establishing the SBR and advancing the BITCOIN Act is so sensible,” Lummis responded.
President Donald Trump, who endorsed Lummis’s bill over seven months ago, has previously proposed utilizing Bitcoin and other cryptocurrencies to settle U.S. debt.
The Bitcoin Act, which aims to create a national Bitcoin reserve, is intended to be initially funded with BTC obtained through civil and criminal forfeiture, with plans to gradually augment this reserve through budget-neutral avenues that won’t burden taxpayers.
However, there have yet to be public disclosures detailing how or when further Bitcoin will be acquired, leaving the timeline and framework of future investments uncertain as legislative efforts continue behind closed doors.
In addition to the reserve, the U.S. will set up a digital asset stockpile to store other cryptocurrencies confiscated by federal agencies, allowing for a gradual conversion of some assets into Bitcoin as part of the inclusive reserve strategy.
Supporters of a strategic reserve contend that this action could transform global attitudes toward Bitcoin, particularly as the U.S. takes the lead rather than smaller nations, and encourage other countries to implement similar strategies.
This trend is already emerging, with multiple jurisdictions examining their own sovereign crypto reserves.
Optimism surrounding Bitcoin has propelled its value, recently achieving a new all-time high of $126,080 as investors grow increasingly confident that government accumulation could become a permanent aspect of the market.
