Senator Cynthia Lummis is renewing her push for the United States to build a strategic bitcoin reserve, warning that other countries are already accumulating while America sits idle.
On June 10, Lummis posted on X:
“Other nations are accumulating Bitcoin quietly. We should be doing it loudly, on the record, by law.”
What the BITCOIN act proposes
Her legislation, the BITCOIN Act (S.954), was reintroduced on March 11, 2025 and would direct the US Treasury to purchase 1 million bitcoin over five years at a rate of 200,000 BTC annually.
That volume represents roughly 5% of bitcoin’s total supply.
The acquired bitcoin would be held for a minimum of 20 years in decentralized secure vaults across the country.
Lummis has compared the initiative to the Louisiana Purchase of 1803, calling it a generational opportunity for the nation’s balance sheet.
Political momentum and executive action
President Trump previously signed an executive order creating a Strategic Bitcoin Reserve funded by forfeited bitcoin, directing that seized assets be preserved rather than auctioned.
Lummis’s bill would codify that order into law, making it harder for future administrations to reverse.
The US government already holds a significant amount of bitcoin from seizures.
In January 2026, Lummis raised concerns about Department of Justice liquidations of those holdings, arguing the government was squandering strategic assets.
Market implications
A fixed purchasing schedule of 200,000 BTC per year from a single sovereign buyer would introduce enormous demand pressure.
While countries like El Salvador have already adopted bitcoin at the national level, the US doing the same carries fundamentally different weight in global markets.
The 20-year mandatory holding period would lock the government into its position through multiple market cycles, effectively removing 5% of supply from circulation for decades.
