The US strategic Bitcoin reserve is a proposed federal fund of confiscated and government-held Bitcoin, requiring the Treasury to report on feasibility, custody, legal authority, and cybersecurity within 90 days of enactment.
Treasury must report custody plans, legal authority, and cyber protections within 90 days.
The House appropriations bill directs interagency handling and balance-sheet treatment of digital assets.
Global context: nations already hold 517,000 BTC in reserves (2.46% of supply), per Bitbo data.
Strategic Bitcoin reserve report: Treasury must detail custody, legal authority, and cybersecurity in 90 days — read key facts and next steps.
What is the US strategic Bitcoin reserve?
The US strategic Bitcoin reserve is a proposed federal stockpile of seized or government-held Bitcoin intended as a strategic asset. The appropriations bill directs the Treasury to assess feasibility, custody frameworks, legal authority, accounting treatment, and cybersecurity safeguards in a report due within 90 days of enactment.
How will the Treasury custody a strategic Bitcoin reserve?
The bill requires the Treasury to outline custody models, including in-house custody, third-party contractors, or hybrid solutions. The report must list all potential third-party custodians, describe cryptographic key management, multi-signature requirements, hardware security modules (HSMs), and contingency plans for recovery and continuity.
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If enacted, the Treasury Department will be required to produce a report on how the US strategic Bitcoin reserve would be custodied and kept safe.
The House bill requires the Treasury Department to present its report within 90 days of the bill’s enactment. Source: Congress.gov
The House appropriations bill, introduced by Representative David P. Joyce, adds two sections directing the Treasury to deliver a factual report on the feasibility, custody, legal authority, and cybersecurity measures for any digital assets held by the federal government.
The report must also explain interagency transfer processes, how digital assets will be represented on the federal government’s balance sheet, and list all third-party contractors that could be responsible for custody or technical management.
Why does the bill require analysis of the Forfeiture Fund?
The legislation asks Treasury to assess impacts on the Department of the Treasury Forfeiture Fund because seized crypto has historically flowed through forfeiture channels. The analysis must identify accounting, fiscal, and legal hurdles to integrating a crypto reserve into federal asset management and budget processes.
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The administration issued an executive order in March directing establishment of a strategic Bitcoin reserve and a digital asset stockpile using confiscated crypto. Treasury Secretary Scott Bessent has stated the agency is exploring budget-neutral options to bolster the reserve.
If the House passes the appropriations language, the bill will move to the Senate for consideration. Representative Joyce praised the Appropriations Committee for advancing the measure, framing it as fiscally responsible and focused on national security.
Kazakhstan’s president announced plans for a state fund to accumulate promising digital assets. The Philippines considered a legislative proposal to create a 10,000 BTC strategic reserve. Collectively, governments globally hold over 517,000 BTC — roughly 2.46% of Bitcoin’s supply, according to Bitbo.
The bill requires the Treasury to deliver its report within 90 days of enactment, covering feasibility, custody, legal authority, cybersecurity, interagency transfers, and balance-sheet treatment.
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