US Senator Lummis Reveals Military Support for Strategic Bitcoin Reserve

Senator Cynthia Lummis, a prominent figure in the United States Senate, made a significant statement at the 2025 Bitcoin Conference in Las Vegas on May 27. She revealed that several high-ranking US military generals support the idea of establishing a strategic Bitcoin reserve to bolster the nation’s economic deterrence. Lummis discussed the importance of digital reserves with unnamed senior officers, emphasizing that they understand the critical role of economic power in addressing global aggressors. These officers, according to Lummis, are strong advocates for a strategic Bitcoin reserve, recognizing its potential to enhance the country's economic and military strength.

This revelation comes on the heels of legislative efforts to formalize a Bitcoin reserve. On March 11, Lummis, along with five other Republican senators, reintroduced legislation aimed at adding up to 1 million BTC to the US Treasury over a five-year period. This move followed President Donald Trump's executive order on March 7, which established a strategic Bitcoin reserve and a digital asset stockpile. Lummis framed the Bitcoin reserve as an extension of US energy policy and industrial capacity, crediting China’s 2021 mining ban for driving the hash rate to North America. She cited Trump’s recent call to “make Bitcoin mining and America conjoined,” arguing that pairing domestic mining with federal accumulation would give Washington a “geopolitical advantage.”

Lummis drew a parallel with Fort Knox, noting that the US holds roughly 5% of the global gold supply and should target the same share of Bitcoin. She highlighted the momentum at the state level, where Arizona and New Hampshire have enacted strategic reserve legislation this year, and lawmakers in 30 additional states have debated similar bills. Although many states have given up on plans to adopt Bitcoin for now, roughly 11 states are still debating legislation, with Texas being the farthest along. She described the states as “incubators of innovation” and predicted their actions would pressure Congress and the Treasury Department to follow.

Lummis also pointed to global demand as a supporting factor for federal reserves. She mentioned the UAE, where the Abu Dhabi sovereign wealth fund, Mubadala, recently increased its exposure to Bitcoin through US-based exchange-traded funds. Additionally, the Czech National Bank is studying Bitcoin for its portfolio. Lummis urged federal officials to treat Bitcoin as “digital gold” rather than a speculative instrument and to formalize reserve guidelines before other nations lock up larger shares of the fixed 21 million-coin supply. She closed by asserting that energy-intensive proof-of-work mining and a strategic reserve would reinforce US leadership in both monetary and industrial domains, adding that state initiatives have now outlined a clear path that the federal government can adopt and scale.