Emre Yumlu 
The debate around digital assets in the United States has taken another step forward. Congress has introduced a proposal requiring the Treasury Department to prepare a comprehensive report on the Strategic Bitcoin Reserve and the broader digital asset stockpile. The report is expected to clarify how such reserves would be stored, safeguarded, and managed within a legal framework.
A New Mandate from Congress
The appropriations bill, introduced by Republican Representative David P. Joyce, gives the Treasury 90 days to deliver its findings. The report must cover several critical areas, including:
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Secure custody methods for Bitcoin and other digital assets
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Legal authority of the federal government to hold these assets
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Cybersecurity protections
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Mechanisms for interagency transfers
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Accounting treatment of digital assets on the federal balance sheet
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Potential involvement of third-party custodians
Additionally, the Treasury is asked to assess how such a reserve might impact the Treasury Forfeiture Fund.
Origins of the Strategic Bitcoin Reserve
In March 2025, President Donald Trump signed an executive order authorizing the creation of a Strategic Bitcoin Reserve alongside a digital asset stockpile. Under this order, cryptocurrencies seized by the government would be allocated toward building the fund.
Treasury Secretary Scott Bessent later emphasized that the department is working on “budget-neutral approaches” to strengthen the Bitcoin reserve without creating additional financial burdens.
The Global Push for Crypto Reserves
The United States is not alone in exploring digital asset reserves. Similar moves are emerging across the globe:
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Kazakhstan’s President Kassym-Jomart Tokayev recently unveiled plans for a state-backed digital asset fund, aimed at accumulating promising assets in the evolving financial system.
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In the Philippines, lawmakers have floated a proposal to establish a 10,000-Bitcoin reserve, which would make the country the first in Southeast Asia to recognize Bitcoin as a strategic state asset.
At present, countries collectively hold over 517,000 BTC, accounting for roughly 2.46% of Bitcoin’s total circulating supply, according to available data.
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