A significant proposal was brought to light on Tuesday, aimed at tasking the US Treasury with an extensive study on the viability of a Strategic Bitcoin Reserve (SBR). This initiative offers renewed energy to discussions that have gained traction this year.
In March, US President Donald Trump enacted an executive order that laid the groundwork for a Strategic Bitcoin Reserve and a US Digital Asset Stockpile, although a comprehensive strategy has yet to be outlined.
Experts like Alex Thorn, who leads research initiatives at Galaxy Digital, predict a strong possibility of the US announcing an SBR by year-end, though some market analysts view this optimism with skepticism.
I maintain that the U.S. government is likely to declare this year the establishment of the strategic bitcoin reserve (SBR), showcasing BTC as a strategic commodity
The market seems to seriously underestimate the chances of such a statement
— Alex Thorn (@intangiblecoins) September 11, 2025
Progress Reports Indicate Multiple Developments
Recent updates suggest that the administration’s cryptocurrency liaison has confirmed persistent interest in advancing policy, although the topic received merely cursory attention in a recent policy document.
We’re not merely looking at offhand remarks, but a substantial U.S. government announcement in the near future
Such comments hint at the potential scale of the reserve but do not yet constitute a formal confirmation of the SBR
— Alex Thorn (@intangiblecoins) September 11, 2025
In an interesting turn, on August 6, Bitcoin Indonesia announced discussions with officials to explore how a cohesive national strategy could enhance economic conditions. Additionally, Kyrgyzstan has moved forward with legislation to establish its own country-level crypto reserve, demonstrating that other nations are proactively exploring similar initiatives.
Concerns Over Timeline and Implementation
Samson Mow, the founder of Jan3, has expressed urgency, cautioning in June that prolonged delays might allow rival nations to accumulate significant Bitcoin reserves ahead of the U.S.
Meanwhile, Dave Weisburger, the former chairman of CoinRoutes, forecasts that any formal U.S. holdings may likely be pushed to 2026.
He reasons that a government keen on establishing a position would prefer not to publicize its moves until it reaches a preliminary accumulation goal.
Market Perceptions and Implications
Thorn remarked on X that the current market climate appears to undervalue the probability of a U.S. announcement. Such a declaration could dramatically shift demand dynamics.
For instance, some traders may view a government endorsement of Bitcoin as a bullish indicator, while others might express concerns over potential regulations, taxes, or custodial frameworks that could soon follow.
The secrecy surrounding any potential acquisition plans complicates market analysis: ongoing but undisclosed accumulations might cause significant price fluctuations once the government makes its intentions public.
Global Developments Increase Pressure on U.S. Policy Makers
Alongside the timing and market considerations, this saga has significant geopolitical implications. Countries in both Central and Southeast Asia actively discuss establishing national crypto reserves, with Indonesian officials keen on leveraging Bitcoin as a strategic economic measure.
This international movement raises political stakes for U.S. decision-makers. Currently, the outlook is mixed: while executive orders and legislative efforts suggest progress, public commentary reveals substantial disagreement regarding the timeline and likelihood of the U.S. formalizing its Bitcoin holdings.
As of this writing, Bitcoin is currently trading at $116,058, reflecting an increase of 0.9% and 4.8% over the last day and week, respectively.
Image from Meta; chart sourced from TradingView.
