Nearly a quarter-million Bitcoin already sits in government coffers, but that’s not enough. Congressman Tom Emmer has confirmed what crypto enthusiasts have been whispering about for months: Uncle Sam wants a cool million BTC. And they’re not just window shopping.
The feds have Bitcoin fever. A quarter-million tokens wasn’t enough – now they’re eyeing a cool million.
The BITCOIN Act, introduced by Senator Cynthia Lummis, lays out an ambitious five-year plan to acquire approximately 5% of the total Bitcoin supply. That’s right. The same government that couldn’t figure out what to do with seized crypto assets (and lost taxpayers a staggering $17 billion through premature sales) now wants to become a HODLer. Ironic much?
President Trump’s March 7, 2025 Executive Order established the Strategic Bitcoin Reserve, fundamentally telling federal agencies: stop selling, start keeping. The order doesn’t specify a timeline but emphasizes maintaining seized Bitcoin long-term. No paper hands allowed in this administration.
The funding won’t come from your tax dollars. Thank goodness. Instead, the plan leverages Federal Reserve remittances, gold revaluations, and the Exchange Stabilization Fund. Budget-neutral strategies. Smart move.
Bitcoin would join gold as an official reserve asset. As announced by Bo Hines, this initiative emphasizes Bitcoin’s importance in the evolving global economic landscape. Huge. The U.S. acquisition could trigger a race among other nations to secure their own Bitcoin reserves. This would dramatically increase Bitcoin’s market cap value, making it more stable and less volatile compared to smaller cryptocurrencies. The Treasury Department gets custody, with Commerce Secretary input. Twenty-three states have already proposed similar legislation. They’re not waiting for Washington to catch up.
The mandatory holding period? Twenty years minimum. The government can’t dump more than 10% of the reserve in any two-year period. Congressman Emmer expects the legislation to pass before the current Congress ends. Things are moving fast.
This positions America as the “crypto capital of the world” – Trump’s vision coming to life. The bipartisan Congressional Crypto Caucus is pushing this forward while the Digital Assets Subcommittee focuses on stablecoins and other regulatory considerations.
For perspective: the government already holds about 200,000 BTC from various seizures and forfeitures. Adding 800,000 more is no small endeavor. But with proper execution, the U.S. could cement its position as the global leader in digital asset strategy.
