United States Senator Cynthia Lummis has confirmed that funding for the U.S Strategic Bitcoin Reserve (SBR) could commence “anytime,” though legislative hurdles are still slowing progress.
In a Monday X post, Lummis responded to ProCap BTC’s Chief Investment Officer Jeff Park, who discussed the potential of the SBR during a conversation with Bitcoin advocate Anthony Pompliano.
Park suggested that the U.S. government could leverage its $1 trillion in paper gains from gold to reinvest in Bitcoin as a strategic hedge against growing fiscal debt.
“Legislating is a slog and we continue to work toward passage but, thanks to President Trump, the acquisition of funds for an SBR can start anytime,” Lummis wrote. The comment comes amid the U.S. government shutdown.
Leveraging Gold Gains to Back Bitcoin
Park’s theory centered on how the government might use unrealized gold profits to diversify into BTC. He argued that with over $37.88 trillion in fiscal debt, allocating a portion of those paper gains to BTC would be a relatively small, yet potentially transformative move.
“If you own Bitcoin and assume it appreciates 12% annually, you’ll make a 30x in 30 years,” Park said, adding that such an investment could help “cover most of the fiscal deficit hole that exists.”
The crypto-friendly senator endorsed Park’s argument, calling it a “fabulous articulation of why the [U.S.] SBR and the BITCOIN Act make so much sense.”
What You Should Know About the U.S. Strategic Bitcoin Reserve
The U.S. Strategic Bitcoin Reserve was first announced in February 2025, when President Donald Trump signed an executive order to establish a national Bitcoin reserve as part of his administration’s broader pro-crypto agenda.
He further confirmed that Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP would make up the broader U.S. digital asset stockpile.
According to the official government fact sheet, the SBR will be initially funded with BTC already held by the U.S. Department of the Treasury, primarily assets seized through civil or criminal proceedings.
Additional BTC may later be acquired through budget-neutral mechanisms that impose no new costs on American taxpayers. However, the exact timeline and structure for the reserve remain unclear, fueling speculation about when the government will begin active BTC purchases.
Market Eyes Potential BTC Purchases
Speaking on CNBC over the weekend, Anthony Pompliano said market participants are watching for signs that the U.S. government will begin directly buying Bitcoin.
“The first is that the U.S. government at some point is gonna announce they are buying Bitcoin,” Pompliano said. “Creating the initial reserve was good, but that’s not the main dish — the main dish is when they start buying, and I think that will happen at some point.”
Pompliano’s comments echo the growing anticipation within the crypto community that the U.S. Bitcoin Reserve could soon shift from a concept to an active accumulation strategy. The anticipated development would potentially signal the largest institutional Bitcoin move in history.
What This Means for Bitcoin and the Crypto Market
If the U.S. government begins formal BTC purchases, it could mark a major turning point for the global crypto market. Institutional and mass adoption have historically boosted Bitcoin’s credibility as a long-term store of value.
A confirmed strategic BTC Reserve could not only accelerate mainstream adoption but also position the U.S. as a leading state actor in the Bitcoin economy, potentially influencing other nations to follow suit.
For now, market watchers are closely tracking updates, the BITCOIN Act’s legislative progress, and the Trump administration’s crypto policy direction for signs of imminent action. At the time of writing, BTC is trading for $123,700.
