The United States could start acquiring funds for the Strategic Bitcoin Reserve at “anytime”, according to pro-crypto Senator Cynthia Lummis, who proposed the initiative last year.

After months of quiet, Lummis has confirmed that the U.S. government is set to fund the strategic Bitcoin reserve, and that the process could begin at any moment, in an Oct. 7 X post.

“Legislating is a slog, and we continue to work toward passage, but thanks to President Trump, the acquisition of funds for an SBR can start anytime,” the Senator said, without disclosing any other details.

Her comment came in response to a video shared by ProCap BTC chief investment officer Jeff Park, where he was discussing the idea of leveraging the government’s unrealized gains from gold holdings to take a long-term position in Bitcoin as a way to address the national debt.

According to Park, the U.S. government holds roughly $1 trillion in unrealised paper gains from its gold reserves, while facing a national debt of approximately $37.88 trillion.

“If you own Bitcoin, and you assume that it’s going to go up by 12% a year, you’ll make a 30x in 30 years,” he said, as he suggested reallocating a portion of those unrealized gold gains into Bitcoin.

“This is a fabulous articulation of why the SBR and passing the BITCOIN Act makes so much sense,” Lummis said in response.

U.S. strategic Bitcoin reserve to be without taxpayer money

President Donald Trump, who signed Lummis’s bill over seven months ago, has previously floated the idea of using Bitcoin and other cryptocurrencies to pay off U.S. debt.

The strategic reserve bill, dubbed the Bitcoin Act, proposes the creation of a national Bitcoin stockpile initially funded with BTC seized through civil and criminal forfeiture, with plans to gradually expand the reserve through budget-neutral methods that do not place any additional burden on taxpayers.

However, so far, there haven’t been any public disclosures outlining exactly how or when additional Bitcoin will be acquired, leaving the timeline and structure of future purchases unclear as legislative efforts continue behind the scenes.

Alongside the reserve, the U.S. will also establish a digital asset stockpile to hold other cryptocurrencies seized by federal agencies, with the option to convert a portion of those assets into Bitcoin over time as part of the broader reserve strategy.

Proponents of a strategic reserve argue that the move could reshape global sentiment toward Bitcoin, especially with the United States taking the lead instead of smaller nations, and pave the way for other countries to adopt similar policies. 

This is already taking shape, with several jurisdictions exploring their own versions of sovereign crypto reserves. 

Bitcoin has continued to strengthen on that optimism, recently reaching a new all-time high of $126,080 as investors grow more confident that government accumulation could become a lasting feature of the market.