Senator Cynthia Lummis is pushing a bold new plan: getting the US government to buy a million Bitcoins. She announced this at the Bitcoin 2025 conference, even claiming President Trump supports it. The bill is set to be presented to Congress next week.
A Long-Term Bitcoin Investment
The idea is to create a massive Bitcoin reserve for the US, acting like a super-safe savings account. The plan is to buy about 5% of all Bitcoins over five years – a similar scale to the US gold reserves. The government would then hold onto these Bitcoins for at least 20 years.
Creative Funding Ideas
Getting a million Bitcoins is a huge undertaking, so some creative financing ideas have been suggested. The Bitcoin Policy Institute proposed “BitBonds,” special US Treasury bonds. Ninety percent of the money from these bonds would go to regular government spending, while 10% would be used to buy Bitcoin. They estimate this could save the government hundreds of billions of dollars in interest over ten years. VanEck has a similar plan, offering investors a chance to profit from Bitcoin gains while limiting their risk.
Current Status and Challenges
While Senator Lummis is optimistic, getting the bill passed won’t be easy. She needs support from other senators. Interestingly, a report suggests the government already owns around 200,000 Bitcoins, although the exact amount isn’t publicly known due to classification.
Bitcoin’s Current Price
At the time of writing, one Bitcoin is trading around $108,975.
