Lummis’ BITCOIN Act: Over 1M Bitcoin for the US Treasury?

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Lummis’ BITCOIN Act: Over One Million Bitcoin for the US Treasury?

Written by Aaron S.,

Editor-In-Chief

Last Updated: March 12, 2025

Key Takeaways

Lummis’ BITCOIN Act proposes a US Bitcoin reserve, aiming to acquire over one million BTC using existing federal funds;
The bill allows extra BTC through seizures, donations, and agency transfers, with states also able to store Bitcoin in the reserve;
Forked and airdropped BTC will be reviewed after five years, keeping only the most valuable asset.

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Lummis’ BITCOIN Act: Over One Million Bitcoin for the US Treasury?

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A new proposal from Senator Cynthia Lummis could see the US government holding over one million Bitcoin BTC $89,500.08 as part of a national reserve.

The BITCOIN Act, introduced in July 2024, outlines a plan for the government to acquire 200,000 Bitcoin per year for five years, using funds already available within federal financial agencies.

However, the latest version of the bill—the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025—goes further.

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It allows the US to exceed one million BTC by obtaining it through other legal means. This could include Bitcoin seized in legal cases, donations to the government, or transfers from federal agencies. Additionally, individual states could choose to store their Bitcoin in the national reserve, though these holdings would be kept separate.

Another key change in the bill relates to forked and airdropped Bitcoin assets. Initially, all such assets had to remain in the reserve for at least five years unless authorized for sale.

The revised version allows the government to evaluate these holdings after the required holding period, keeping only the most valuable asset based on market capitalization while maintaining the primary Bitcoin reserve.

Speaking at a March 11 event hosted by The Bitcoin Policy Institute, Lummis stressed that turning the president’s executive order into law would help the US stay competitive in digital finance while also addressing national debt.

The updated bill has also gained more supporters, with Republican Senators Jim Justice, Roger Marshall, Tommy Tuberville, Marsha Blackburn, and Bernie Moreno signing on as co-sponsors.

On March 7, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and a US Digital Asset Stockpile. What do they entail? Read the full story.