The U.S. government’s growing foothold in the cryptocurrency market is set to expand dramatically with a new legislative proposal aimed at acquiring 1 million Bitcoin (BTC) over the next five years.
The proposed BITCOIN Act of 2025, introduced by Congressman Nick Begich (R-AK) and Senator Cynthia Lummis (R-WY), seeks to formalize Bitcoin as a strategic national asset, enhancing America’s financial security and global competitiveness.
According to a new Nansen report, the U.S. government holds 198,109 BTC, valued at approximately $16.67 billion. This makes Bitcoin the dominant asset in the government’s crypto portfolio, including $122.05 million in USDT, $117.16 million in Ethereum (ETH), and $63.04 million in Wrapped Bitcoin (WBTC).
If passed, the BITCOIN Act would direct the acquisition of 1 million BTC, representing nearly 5% of the total Bitcoin supply. At today’s market price of $84,150 per BTC, the initiative would require an estimated $110 billion in funding. However, the bill stipulates that no new taxpayer burden will be incurred, with financing sourced from Federal Reserve remittances and gold certificate revaluations.
“America cannot afford to fall behind in this financial revolution,”
Said Congressman Begich during the Bitcoin for America Summit.
“A Strategic Bitcoin Reserve ensures that the U.S. remains an economic powerhouse, leveraging digital assets to counter adversarial monetary policies and reinforce our global leadership.”acquiring“America cannot afford to fall behind in this financial revolution,”
Said Congressman Begich during the Bitcoin for America Summit.
“A Strategic Bitcoin Reserve ensures that the U.S. remains an economic powerhouse, leveraging digital assets to counter adversarial monetary policies and reinforce our global leadership.”
The bill builds upon President Donald J. Trump’s recent Executive Order, which established a U.S. Digital Asset Stockpile and a Strategic Bitcoin Reserve. Senator Lummis emphasized the long-term benefits of codifying this strategy into law:
“Bitcoin is not simply a technological opportunity, but a national imperative for America’s continued financial leadership in the 21st century. By transforming the president’s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation.”
The legislation also protects individual financial freedoms by prohibiting the federal government from interfering with private Bitcoin ownership and self-custody rights. All Bitcoin acquired under the BITCOIN Act will be held in secure cold storage to maximize security and economic stability.
If successful, the U.S. government’s Bitcoin holdings would surpass the estimated 1.1 million BTC attributed to Bitcoin’s elusive creator, Satoshi Nakamoto. This unprecedented accumulation could grant the U.S. significant influence over market liquidity and price stability, raising concerns within the crypto community about potential centralization in a traditionally decentralized ecosystem.
