U.S. Government’s Bitcoin Stash Hits $16B, Target 1 Million BTC Under Proposed Bill

The U.S. government is now one of the largest holders of Bitcoin, with a staggering 195,234 BTC in its possession—valued at over $16 billion, according to a recent report from Nansen.

In addition to Bitcoin, the government’s crypto portfolio includes approximately $4.6 million worth of Ethereum (ETH), various stablecoins such as USDC, and yield-generating assets like DAI and AUSDC_V2.

While these holdings are already significant, a newly proposed bill could take things to an entirely new level. The House Strategic Bitcoin Bill, introduced by Representative Nick Begich, aims to dramatically expand the government’s Bitcoin reserves.

If passed, the legislation would set the stage for the U.S. to acquire an additional 1 million BTC over the next five years. At current market prices, this would amount to an investment of nearly $110 billion, potentially making the U.S. government the single largest Bitcoin holder in history.

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To put this in perspective, the proposed acquisitions would surpass the estimated 1.1 million BTC attributed to Bitcoin’s mysterious creator, Satoshi Nakamoto. Such a move could significantly impact market liquidity and price stability, driving up Bitcoin’s value while reshaping global cryptocurrency dynamics.

However, not everyone is thrilled about this potential shift. Critics argue that such large-scale government involvement contradicts Bitcoin’s original ethos of decentralization.

By controlling such a massive share of the total supply, the government could exert considerable influence over Bitcoin’s market behavior—essentially becoming a price setter. This raises concerns about whether Bitcoin would remain the open and decentralized asset it was originally intended to be.

As discussions around this bill unfold, the crypto community will be watching closely. If the legislation moves forward, it could mark one of the most significant moments in Bitcoin’s history—one that redefines the relationship between governments and decentralized digital assets.