The U.S. government may soon acquire 1 million Bitcoin—this is the goal of a new bill introduced by Senator Cynthia Lummis (R-WY) on Tuesday. The so-called BITCOIN Act aims to enshrine President Donald Trump’s plan to establish a national Bitcoin reserve into law.
Lummis emphasized the potential of Bitcoin for the U.S.:
“We can harness digital innovation to reduce national debt and maintain our economic strength.”
The proposal already has five Republican co-sponsors, including Jim Justice (R-WV) and Bernie Moreno (R-OH). A similar bill is also expected to be introduced in the House of Representatives.
The BITCOIN Act is back. pic.twitter.com/WNeU6SWPj3
— Senator Cynthia Lummis (@SenLummis) March 11, 2025
How the U.S. Plans to Fund the Bitcoin Reserve
The purchase of 1 million BTC—currently valued at around $80 billion—would be spread over five years. The funding would come partly from the Federal Reserve’s net earnings. Additionally, the Treasury Department would issue new gold certificates reflecting current market prices, with the difference used to finance Bitcoin acquisitions.
Another key part of the bill: The U.S. government must establish secure Bitcoin storage facilities across the country. The BTC would be stored in cold wallets, meaning they would remain offline to prevent cyberattacks.
Proud to re-introduce the BITCOIN Act. Let’s secure America’s financial future.
— Senator Cynthia Lummis (@SenLummis) March 11, 2025
Strict Rules for the Bitcoin Reserve
The U.S. government would not be able to sell the Bitcoin holdings freely. According to the bill, all acquired BTC must be held for at least 20 years. Moreover, no Treasury Secretary could sell more than 10% of the reserve within a two-year period.
This proposal differs from previous White House statements, which have positioned Bitcoin as more of a long-term strategy. Whether the BITCOIN Act will become law remains to be seen—but it highlights the growing role of cryptocurrencies in U.S. financial policy.
The BITCOIN Act is the solution to our national debt, and the future of American prosperity.https://t.co/lfA4xr2g8H
— Senator Cynthia Lummis (@SenLummis) March 11, 2025
Meet your BITCOIN Act cosponsors. @MarshaBlackburn @berniemoreno @RogerMarshallMD @JimJustice_WV @SenTuberville
Welcome a₿oard! pic.twitter.com/G83oTssYlQ
— Senator Cynthia Lummis (@SenLummis) March 11, 2025
New: Federal House Strategic Bitcoin Reserve Bill
This is a ‚Companion‘ bill to Sen. Lummis BITCOIN Act, also being re-introduced today.
Companion bills are typically the same in substance. They are introduced in both chambers concurrently to expedite the process. https://t.co/VJYM03vm9K
— Bitcoin Laws (@Bitcoin_Laws) March 11, 2025
🚨 Senator Lummis to reintroduce the BITCOIN Act
Key provisions:
– 1M BTC purchased over 5 years
– 20 year HODL (minimum) https://t.co/uVwHc0SWUV— Bitcoin Laws (@Bitcoin_Laws) March 11, 2025
New: Federal House Strategic Bitcoin Reserve Bill
This is a ‚Companion‘ bill to Sen. Lummis BITCOIN Act, also being re-introduced today.
Companion bills are typically the same in substance. They are introduced in both chambers concurrently to expedite the process. https://t.co/VJYM03vm9K
— Bitcoin Laws (@Bitcoin_Laws) March 11, 2025
🚨 Senator Lummis to reintroduce the BITCOIN Act
Key provisions:
– 1M BTC purchased over 5 years
– 20 year HODL (minimum) https://t.co/uVwHc0SWUV— Bitcoin Laws (@Bitcoin_Laws) March 11, 2025
First introduced in July 2024
First introduced in July 2024, Senator Lummis‘ BITCOIN Act for a Federal Strategic Bitcoin Reserve failed to make it out of Committee in the Senate.
But the political landscape has changed since then…
First introduced in July 2024, Senator Lummis‘ BITCOIN Act for a Federal Strategic Bitcoin Reserve failed to make it out of Committee in the Senate.
But the political landscape has changed since then… pic.twitter.com/8QkOgxhXGZ
— Bitcoin Laws (@Bitcoin_Laws) March 11, 2025
