Senator Lummis Reintroduces Bitcoin Reserve Bill, Seeks 1 Million BTC Acquisition

Wyoming Senator Cynthia Lummis has reintroduced the BITCOIN Act of 2025 in the U.S. Senate, proposing the creation of a Strategic Bitcoin Reserve with a mandate to acquire one million BTC over five years. This initiative has garnered significant support, with five new co-sponsors in the Senate and a companion bill introduced by Representative Nick Begich of Alaska in the House, which has six co-sponsors. The potential approval of this reserve could lead to a substantial upward repricing of Bitcoin, given the U.S. government's substantial financial resources and influence.

Donald Trump recently signed an executive order to establish a Strategic Bitcoin Reserve using the U.S. government's existing BTC holdings. While this order did not immediately impact the Bitcoin price, experts believe it could be bullish in the long term. The order tasks Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent with finding budget-neutral ways to acquire additional BTC. Senator Lummis’s plan, however, could have an even more dramatic effect, potentially catapulting the Bitcoin price to new all-time highs almost instantaneously.

Trump’s executive order has bolstered support for the BITCOIN Act, with additional co-sponsors in both the Senate and the House. Despite the current support falling short of the 60 votes needed in the Senate and 218 in the House, Trump’s continued backing could significantly enhance the bill’s chances of approval. Senator Lummis’s recent statement, “I am for real this time,” suggests that the likelihood of the U.S. purchasing Bitcoin is higher than in previous years.

Van Eck, a $150 billion asset management fund, has analyzed the potential impact of a Congressionally-approved Strategic Bitcoin Reserve. The firm agrees with Senator Lummis’s assessment that the U.S. could significantly reduce its national debt by holding 1 million Bitcoin for 20 years. According to Van Eck’s report, Bitcoin’s price could reach $21 million by 2049, making the U.S. government’s holdings worth over $21 trillion, or approximately 18% of the projected national debt at that time.

If the Strategic Bitcoin Reserve is approved, investors may need to reassess their altcoin strategies. The U.S. government is unlikely to invest in assets already part of its crypto stockpile, such as Ethereum, Solana, and XRP. As a result, investors seeking outsized returns may turn to Bitcoin-themed altcoins and meme coins. One such example is BTC Bull (BTCBULL), a new meme coin that has raised over $3 million in its ICO. The project is based on the belief that Bitcoin is undervalued and will eventually reach $250,000, at which point BTCBULL holders will receive free Bitcoin and BTCBULL airdrops. Regular burn events and Bitcoin airdrops are scheduled as the price of Bitcoin increases, making BTCBULL an attractive option for investors looking for significant returns.