US Explores National Bitcoin Reserve; Sep 16 Meeting on BITCOIN Act

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By Marcus Davenport

The United States is actively exploring the establishment of a strategic national Bitcoin reserve, a move poised to significantly impact national financial infrastructure and digital asset policy. A crucial meeting on September 16 will convene influential figures from both the cryptocurrency and traditional finance sectors, aiming to accelerate the “BITCOIN Act”—a legislative initiative central to this endeavor.

Organized by The Digital Chambers and its partner network, The Digital Power Network, this high-level gathering will host representatives from 18 companies, spanning cryptocurrency and traditional finance. Key attendees include Michael Saylor, co-founder of Strategy (formerly MicroStrategy), Tom Lee, head of BitMine, and Fred Thiel, CEO of MARA. The diverse participant list underscores broad industry engagement, encompassing prominent Bitcoin mining operations, venture capital funds, and established financial institutions:

Sector Notable Representatives
Bitcoin Mining CleanSpark, Bitdeer
Venture Capital Off the Chain Capital, Reserve One
Traditional Finance Western Alliance Bank, Blue Square Wealth

The central focus of the discussion will be the BITCOIN Act, a bill initially introduced by Senator Cynthia Lummis in July 2024 and reintroduced in March 2025. This legislation proposes the U.S. government acquire 1 million BTC over a five-year period. A core mandate, as stipulated by President Donald Trump, requires that the acquisition be financed through the Federal Reserve and the Treasury in an exclusively “budget-neutral” manner, avoiding direct burden on taxpayers.

Addressing this fiscal requirement, the meeting will delve into innovative funding mechanisms. Proposals include the reappraisal of Treasury gold certificates and the strategic utilization of tariff revenues. A significant objective for the participants is also to understand and overcome legislative roadblocks that have impeded the bill’s progress over the past six months, fostering a strong coalition to ensure its adoption. This legislative push aligns with President Trump’s broader interest in digital assets, highlighted by his March 7, 2025 executive order mandating a Bitcoin reserve established from confiscated cryptocurrency assets at the government’s disposal.

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