- Senator Cynthia Lummis announced that the U.S. government is prepared to begin funding its Strategic Bitcoin Reserve.
- The move follows Bitcoin’s surge to $126,000 and aligns with both federal and state efforts to integrate BTC into official financial reserves.
The United States may soon take a historic step toward becoming one of the world’s largest sovereign holders of Bitcoin. Senator Cynthia Lummis has confirmed that the government is prepared to begin funding its Strategic Bitcoin Reserve (SBR), a move that aligns with President Trump’s broader pro-crypto agenda and comes as Bitcoin soars to a new all-time high of $126,000.
Lummis Confirms Progress on the Strategic Bitcoin Reserve
In a post on X, Senator Lummis praised President Trump’s leadership in advancing the U.S. Bitcoin Reserve initiative, saying that
the acquisition of funds for an SBR can start anytime.
Her statement follows weeks of speculation that the Treasury Department and the White House’s Digital Asset Working Group have been laying the groundwork for a formal entry into the Bitcoin market.
This announcement coincides with fresh calls from the private sector to embrace Bitcoin as part of the national balance sheet. Bitwise advisor Jeff Park, during an appearance on The Pomp Podcast, suggested redirecting profits from U.S. gold reserves into BTC to strengthen America’s financial resilience.
According to Park, even a small percentage of unrealized gains from gold could “meaningfully boost the U.S. balance sheet” over time.
The math isn’t complicated
Btw gold’s about to hit $4000 since we recorded pic.twitter.com/2Okmizckq6
— Jeff Park (@dgt10011) October 6, 2025
Federal and State Momentum Builds
Reports from the Trump administration’s Digital Asset Working Group have revealed plans to create both a BTC Reserve and a Crypto Stockpile, designed to position the U.S. at the forefront of digital finance.
Treasury Secretary Scott Bessent recently disclosed that the government’s existing Bitcoin holdings, primarily seized from criminal cases, are already valued between $15 billion and $20 billion, placing the U.S. among the largest state-level Bitcoin holders in the world.
Meanwhile, several states are taking their own initiatives. Texas, under Governor Greg Abbott, officially launched a state-level Bitcoin reserve after signing SB 21 into law earlier this year. The legislation allows the state comptroller to directly purchase and hold BTC as part of the state treasury.
Dennis Porter, CEO of the Satoshi Act Fund, hailed this as a “historic win” for crypto adoption, marking Texas as the third U.S. state to institutionalize Bitcoin accumulation.
A Global Race for Bitcoin Dominance
The U.S. now joins a growing list of nations embracing Bitcoin as a strategic asset. El Salvador, which adopted Bitcoin as legal tender in 2021, holds over 6,200 BTC valued at approximately $775 million, representing a 162% gain since 2022. Similarly, the United Arab Emirates has quietly accumulated around 6,333 BTC, worth about $740 million, making it one of the top four government-level holders globally.
As the U.S. edges closer to officially launching its Strategic Bitcoin Reserve, analysts believe it could mark a turning point in how governments approach digital assets — transforming Bitcoin from a speculative asset into a central pillar of sovereign financial strategy.