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6d ago

Lummis Says U.S. Strategic Bitcoin Reserve Funding Can Begin ‘Anytime’

Set up by executive order in March, the reserve will start with seized Bitcoin, with plans for any budget‑neutral expansion still undisclosed.

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US SBR funding starting soon
US Strategic Bitcoin Reserve
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Overview

  • Sen. Cynthia Lummis said on X that acquiring funds for the Strategic Bitcoin Reserve can start at any time, crediting President Trump’s backing.
  • The administration’s plan seeds the reserve with BTC already held by Treasury from forfeitures, with about 198,000 coins reported on hand.
  • Officials have not detailed how or when additional Bitcoin would be bought, and related legislation such as the BITCOIN Act is still moving slowly.
  • ProCap BTC’s Jeff Park floated using unrealized gains on U.S. gold holdings to fund purchases, an idea Lummis praised but which remains only a proposal.
  • Bitcoin has traded near record highs around $126,000 as interest builds, though market watchers say the pivotal moment would be announced, active government buying.