Dec 20, 2024 · To fund the purchase, the government would revalue about $11 billion worth of gold certificates on the Federal Reserve’s balance sheets. Lummis said establishing a bitcoin reserve could help...

Nov 11, 2024 · The BITCOIN Act mandates that the government decrease the permissible amount of the surplus funds of the Federal reserve banks by about $4.4 billion, from $6,825,000,000 to $2,400,000,000.

Jul 31, 2024 · The bill directs Treasury to establish a Strategic Bitcoin Reserve for the secure storage of U.S. Bitcoins. The reserve must be a decentralized network of secure facilities across the United States. Existing U.S. Bitcoin holdings must be transferred to the reserve.

Dec 18, 2024 · Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.

5 days ago · The Treasury would fund the purchases with profits on Federal Reserve banks' deposits and gold holdings. The bitcoin reserve would subsequently be maintained for a minimum of 20 years.

Dec 16, 2024 · Bitcoin hit a record high above $107,000 Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve.

Dec 8, 2024 · Senator Cynthia Lummis introduced the BITCOIN Act of 2024, which proposes the US Treasury establish a national Bitcoin reserve by acquiring 1 million BTC over five years, with annual purchases...

Jan 16, 2025 · Michael Saylor, the executive chairman of MicroStrategy, a company that owns more than $40 billion in Bitcoin, has likened the creation of a Bitcoin reserve to the Louisiana Purchase. “Bitcoin ...

Dec 16, 2024 · Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here's...

Nov 18, 2024 · Keeping seized bitcoin is one vision for the reserve. But Senator Lummis has argued for a more proactive approach in a new bill: for the U.S. to sell off a portion of its gold reserves and buy...