US Strategic Bitcoin Reserve Fund Acquisition Can Start Anytime, Senator Lummis Confirms

U.S. Senator Cynthia Lummis has indicated that funding for the U.S. Strategic Bitcoin Reserve (SBR) could begin at any time despite ongoing legislative challenges. The initiative, authorized by President Trump through an executive order, plans to capitalize the reserve initially with Bitcoin seized by the Treasury from criminal or civil proceedings, with future acquisitions to be budget-neutral and not impose additional costs on taxpayers. Investment experts, including Jeff Park of ProCap BTC, have proposed leveraging the government's estimated $1 trillion in unrealized gains from its gold reserves to reinvest in Bitcoin as a strategic financial asset, potentially yielding significant long-term returns. Lummis praised this approach, highlighting bipartisan support for Bitcoin as a store of value akin to gold, and underscored the importance of the Bitcoin Act in facilitating the reserve's establishment. Industry commentators anticipate that the government may soon announce its first Bitcoin purchases, marking a major milestone for the SBR and reflecting growing recognition of Bitcoin's role within the U.S. financial portfolio. This move is seen as a strategic hedge amid the U.S. fiscal debt exceeding $37 trillion, signaling increasing integration of cryptocurrency into national financial strategies.