BITCOIN Act backers converged on Washington, D.C., as over a dozen crypto advocates — including Michael Saylor and Marathon Digital Holdings CEO Fred Thiel — joined a roundtable hosted by Senator Cynthia Lummis and Representative Nick Begich to advance the proposed legislation. According to organizers, the push aims to elevate a strategic bitcoin reserve discussion at the federal level.
What the BITCOIN Act proposes
The BITCOIN Act would seek U.S. government acquisition of one million bitcoins over five years. Supporters say it would rely on “budget-neutral strategies,” such as reevaluating Treasury gold certificates or tapping tariff revenue. However, the specifics remain under review.
Advocates argue a strategic reserve could formalize bitcoin’s role in national reserves. Meanwhile, lawmakers are weighing the policy, custody, and accounting implications.
Congress signals further study
In a related move, a new House appropriations bill, H.R. 5166, filed on September 5, 2025, directs the Treasury Department to deliver a comprehensive report within 90 days. The report would assess feasibility, custody, and accounting for a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.
As a result, the BITCOIN Act conversation now runs in parallel with an appropriations-driven inquiry. Consequently, agency input could shape any eventual framework.
Key points under discussion
Key points include:
– Target: one million BTC over five years, if authorized.
– Funding: budget-neutral mechanisms under consideration.
– Oversight: Treasury report mandated by H.R. 5166 within 90 days.
However, passage is uncertain, and timelines may shift. Stakeholders are emphasizing risk controls, market impact, and custody safeguards.
For background on bitcoin’s monetary properties, see this overview from Wikipedia. For readers exploring reserve mechanics and token backing, our guide to how stablecoins work offers useful context.
