US Could Establish Strategic Bitcoin Reserve This Year, According to Galaxy Executive

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Alex Thorn, the head of firmwide research at Galaxy Digital, suggests that the United States may soon establish its long-speculated Strategic Bitcoin Reserve (SBR), potentially by the end of 2025.

Key Takeaways:

  • According to Galaxy’s Alex Thorn, the U.S. might announce a Strategic Bitcoin Reserve by the end of the year.
  • Trump has already enacted an executive order, with legislators advocating for a feasibility assessment.
  • Delays could result in the U.S. lagging behind as nations like Kyrgyzstan and Indonesia advance.

In a post on X this week, Thorn remarked that the market is underestimating the probabilities, indicating that the U.S. government may soon declare its official holding of Bitcoin as a strategic asset.

“The market appears to be significantly undervaluing the chances of such an announcement,” Thorn observed, emphasizing the increasing momentum surrounding the initiative.

Trump Signs Executive Order to Create Strategic Bitcoin Reserve

In March, President Trump signed an executive order permitting the establishment of the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile.

Although a comprehensive strategy has not yet been disclosed, recent developments indicate progress behind the scenes.

Just this week, lawmakers proposed a bill urging the U.S. Treasury to assess the technical and strategic viability of the reserve.

Trump’s crypto policy report, released in July, briefly referenced the reserve, but insiders assert it remains a priority.

The administration’s crypto liaison has reportedly reaffirmed ongoing interest in developing the SBR.

However, not all are convinced of a 2025 launch. Dave Weisburger, former chairman at CoinRoutes, believes the implementation is more likely to occur in 2026.

yes, i mean the U.S. government announcing, not bessent’s offhand comment on tv
that comment gave us hints of where they think the size of the reserve stands but is not a formal announcement of the SBR https://t.co/ADxguLJ8vH

— Alex Thorn (@intangiblecoins) September 11, 2025

He contends that the administration may prefer to quietly accumulate Bitcoin prior to making any public statements.

Others caution that delays could have repercussions. Jan3 CEO Samson Mow has consistently emphasized that the U.S. risks falling behind if it does not act promptly.

Global interest in sovereign Bitcoin reserves seems to be on the rise. Kyrgyzstan advanced legislation this week to create its own crypto reserve, and Indonesia’s Bitcoin advocacy group recently engaged with officials to promote a similar initiative.

As competing nations investigate national Bitcoin strategies, Thorn’s forecast adds credibility to the growing speculation that the U.S. may soon join the race.

Strategy Surpasses Corporate Bitcoin Holdings with 636,505 BTC

While the U.S. considers launching a strategic Bitcoin reserve, numerous corporations are increasing their holdings.

Michael Saylor’s Strategy now possesses 636,505 BTC, making it the largest corporate holder by a significant margin.

company MARA Holdings follows in second place with 52,477 BTC, after acquiring 705 BTC in August.

However, new entrants are making strides. XXI, established by Strike CEO Jack Mallers, has accumulated 43,514 BTC, while the Bitcoin Standard Treasury Company holds 30,021 BTC.

Other notable participants include Bullish (24,000 BTC), Metaplanet (20,000 BTC), and publicly traded entities like Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase.

This trend of accumulation has sparked speculation regarding a potential supply shock. With only 5.2% of Bitcoin’s capped 21 million supply remaining to be mined, sustained corporate demand could further elevate prices.

Some companies are setting ambitious targets. Japan’s Metaplanet and U.S.-based Semler Scientific aim for 210,000 BTC and 105,000 BTC by 2027, respectively, which is ten to twenty times their current holdings.

Globally, 120 public companies now hold Bitcoin. Countries such as Canada, the UK, Hong Kong, Mexico, South Africa, and Bahrain are witnessing an increase in corporate BTC ownership.

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