US Senator Cynthia Lummis has confirmed that funding for a Strategic Bitcoin Reserve (SBR) could begin at any moment, though progress is currently slowed by legislative procedures. The announcement follows the executive order signed by former President Donald Trump in March 2025, which laid the legal groundwork for the program.
📌 Background on the Strategic Bitcoin Reserve
The SBR is planned to be initially composed of Bitcoins already held by the US Treasury, primarily those seized in civil or criminal proceedings. According to recent government documents, additional BTC acquisitions could be made using budget-neutral mechanisms, ensuring no extra cost to taxpayers.
Lummis emphasized via X (formerly Twitter):
“While the legislative process is slow, thanks to President Trump, funding for the SBR could begin at any time.”
🔹 Market and Expert Perspectives
Bitcoin advocate Anthony Pompliano highlighted that the crucial milestone will be when the US government begins actual BTC purchases. The allocation of confiscated Bitcoins is only the first step, with real market impact expected once purchases commence.
Meanwhile, Jeff Park, Investment Director at ProCap BTC, proposed that $1 trillion of unrealized gains from gold could be reinvested in Bitcoin. He argued:
“If paper profits from gold can be converted into call options on Bitcoin, the results could be extraordinary… Assuming a 12% annual BTC growth, profits could multiply 30x over 30 years.”
Lummis responded that Park’s explanation underscores why establishing the SBR and passing the BITCOIN Act is a strategically sound move.
⚖️ Legislative Context
Senator Lummis first introduced the BITCOIN Act in July 2024, which mandates that the US government acquire 1 million BTC over five years. She reintroduced the bill in March 2025 for Senate consideration. In September 2025, a legislative initiative designated the Treasury as responsible for reporting on the reserve’s creation within 90 days of the bill’s enactment.
⚡
- The Strategic Bitcoin Reserve may begin funding imminently, pending legislative procedures.
- The SBR aims to leverage confiscated Bitcoins initially, with further purchases via budget-neutral methods.
- Prominent figures in crypto, including Anthony Pompliano and Jeff Park, see the reserve as a potential catalyst for market growth.
- The BITCOIN Act envisions the US government purchasing 1 million BTC over five years, signaling strong institutional support for Bitcoin.
