Galaxy Digital’s Alex Thorn says that the US could launch a Strategic Bitcoin Reserve this year, as competition heats up.
Galaxy Digital’s head of research, Alex Thorn, believes the United States could announce a Strategic Bitcoin Reserve (SBR) before the end of this year.
He argues the market is not fully recognising the likelihood of such a move.
Trump Signs Order to Create a Bitcoin Reserve
In March, President Trump signed an executive order authorising the creation of the Strategic Bitcoin Reserve and a US Digital Asset Stockpile.
While a full plan has not yet been made public, there are signs of progress.
Thorn posted on X that the government may soon confirm Bitcoin as an official strategic asset. Moreover, this week, lawmakers introduced a bill directing the Treasury to study the feasibility of the reserve.
yes, i mean the U.S. government announcing, not bessent’s offhand comment on tv
that comment gave us hints of where they think the size of the reserve stands but is not a formal announcement of the SBR https://t.co/ADxguLJ8vH
— Alex Thorn (@intangiblecoins) September 11, 2025
The study would cover both technical and strategic aspects and give a clearer picture of how such a program could work.
Trump’s crypto policy report, released in Jul,y mentioned the reserve only briefly. However, officials have since confirmed that the administration still considers it a priority.
Not everyone agrees that the reserve will launch this year. Dave Weisburger, former chairman of CoinRoutes, for example, believes that 2026 is a more realistic timeline.
He argues the government may want to quietly buy Bitcoin before making any announcements. This approach would allow the US to build its holdings at better prices.
Worries About Falling Behind
Still, waiting too long carries risks, as other countries are starting to act more aggressively.
Kyrgyzstan recently advanced a bill to create its own state cryptocurrency reserve. Indonesia’s Bitcoin advocacy group also held talks with government officials about the benefits of such a program.
🚨 BREAKING: 🇰🇬 Kyrgyzstan’s Parliament approves bill to create a Strategic Bitcoin Reserve. pic.twitter.com/bYhFUXRQXJ
— Bitcoin Archive (@BTC_Archive) September 10, 2025
These moves indicate that the interest in sovereign Bitcoin reserves is growing quickly and has become international.
Corporate Accumulation Adds Pressure
In the meantime, while governments debate strategy, corporations continue to increase their Bitcoin holdings.
Michael Saylor’s company, Strategy, currently leads with 636,505 BTC, far more than any other firm.
MARA Holdings ranks second with 52,477 BTC after adding 705 BTC in August. XXI, founded by Strike CEO Jack Mallers, already owns 43,514 BTC. The Bitcoin Standard Treasury Company has secured 30,021 BTC.
Other major holders include crypto exchange Bullish with 24,000 BTC and Metaplanet with 20,000 BTC. Publicly traded firms like Riot Platforms, Trump Media & Technology Group, CleanSpark and Coinbase also currently have strong reserves.
Market Dynamics and Supply Pressure
Bitcoin has a fixed supply of 21 million coins, with only about 5.2% left to be mined. Large-scale corporate and government accumulation could create a supply squeeze.
This trend has fueled speculation about higher future prices. As more institutions compete for a limited supply, smaller investors may face growing difficulty buying meaningful amounts of Bitcoin.
If the US establishes a Strategic Bitcoin Reserve, it would become one of the most important policy moves in digital assets. Such a reserve would show that Bitcoin is not just a speculative investment but a recognised store of value.
Outlook for This Year and Beyond
Whether the reserve is launched this year or later, the conversation is unlikely to fade. Pressure from both corporate activity and international competition will keep Bitcoin in the spotlight.
Thorn’s prediction has created fresh attention, and many investors will be watching for signs of official confirmation.
If the US moves forward soon, it may set the stage for the real adoption of sovereign Bitcoin reserves across the world.