Senator Cynthia Lummis, a well-known advocate for cryptocurrency, has revealed that the long-anticipated U.S. Strategic Bitcoin Reserve (SBR) may begin acquiring funds “anytime.” While the process is currently slowed by legislative barriers, Lummis emphasized that foundational support for the initiative was laid during the Trump administration. She called the SBR a vital move toward positioning Bitcoin as part of America’s long-term financial strategy.
Gold Gains Could Fuel U.S. Bitcoin Investment
The conversation around the SBR gained new momentum following comments by Jeff Park, Chief Investment Officer of ProCap BTC. Park proposed that the U.S. government could use its estimated $1 trillion in unrealized gains from gold holdings to invest in Bitcoin. He argued this shift could help offset the country’s growing $37.88 trillion national debt.
Senator Lummis responded positively to Park’s proposal, calling it a “strong case” for pushing forward the BITCOIN Act and launching the Strategic Bitcoin Reserve. The legislation, if passed, would formalize how the U.S. government can accumulate and manage Bitcoin as a sovereign asset.
How the Bitcoin Reserve Could Be Funded
Although no official date has been announced for the reserve’s first Bitcoin purchases, early plans hint at a phased approach. Initially, the reserve could be funded using Bitcoin already in Treasury custody—primarily assets seized in legal cases. Later, it could expand through tax-neutral acquisitions, meaning the government might buy Bitcoin without triggering taxable events.
Crypto analysts believe a government-backed Bitcoin acquisition would be a historic moment for both the crypto market and U.S. fiscal policy. With mounting national debt and growing global interest in digital assets, the timing could prove crucial.
While the SBR still faces legal and political hurdles, Lummis’s comments indicate that the wheels are already in motion. Many in the crypto space are now watching closely for an official announcement, which some believe could arrive in the near future.
