Congressman Nick Begich introduced the Bitcoin Act of 2025, aiming to establish a Strategic Bitcoin Reserve and codify a prior executive order from President Trump (source).
The proposed legislation would direct the U.S. Treasury to acquire up to 5% of the global bitcoin supply---around 1 million bitcoins over five years, valued at approximately $80 billion at present prices (source).
The bill includes a requirement that government-held bitcoins cannot be sold for at least 20 years, emphasizing the intent for the reserve to be a long-term strategic asset (source).
Begich's effort seeks to make the strategic Bitcoin reserve permanent through congressional action, rather than relying solely on executive orders which can be reversed by future presidents (source).
Begich has a track record of advocating for cryptocurrency innovation and deregulation, including an endorsement from HODLPAC in 2022 for supporting financial systems based on individual sovereignty and reduced central control (source).
Potential vulnerabilities include the concentration of national wealth in a highly volatile digital asset, and possible challenges regarding oversight, security, and the long-term impact on monetary policy.
2025: Nick Begich Introduced Bitcoin Act To Establish Strategic Bitcoin Reserve According to a press release from the Begich Campaign, "Congressman Nick Begich (R-AK) discussed the introduction of the Bitcoin Act of 2025 which establishes a Strategic Bitcoin Reserve and would codify President Donald J. Trump's Executive Order, the Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile." [Press Release - Begich Campaign, 3/14/25]
2025: Nick Begich Announced Legislation For U.S. To Acquire 5% Of Bitcoin Supply According to a press release from the Begich Campaign, "The BITCOIN Act would initiate a bitcoin purchase program with the goal of the U.S. acquiring a total stake of approximately 5% of total bitcoin supply --- 1 million bitcoins, worth about $80 billion in today's prices. The bill directs the Treasury Department to purchase 200,000 bitcoins per year for five years in order to reach that goal." [Press Release - Begich Campaign, 3/14/25]
2025: Nick Begich Bill Required 20-Year Minimum Holding Period For Bitcoin Reserve According to a press release from the Begich Campaign, "The legislation would establish a minimum holding period of 20 years for all government-held bitcoin, meaning that the Treasury wouldn't be able sell off those assets for two decades. Begich said that it is important that the reserve be strategic and a long-term play. [...] 'Any strategic reserve asset needs to be held long enough to be strategic,' he said." [Press Release - Begich Campaign, 3/14/25]
2025: Nick Begich Supported Codifying Trump Executive Order On Bitcoin Reserve According to a press release from the Begich Campaign, "What this bill does is it establishes the strategic Bitcoin reserve in law, long-term," Begich said. "So what a president can do in four years, a Congress can do permanently." [Press Release - Begich Campaign, 3/14/25]
2022: Nick Begich Received HODLPAC Endorsement For Cryptocurrency Advocacy According to Alaskans for Nick Begich, "My endorsement by HODLPAC in 2022 underscores a shared vision for a financial system that prioritizes accessibility, security, and individual sovereignty. I am committed to fostering an environment where cryptocurrency thrives, free from the heavy hand of central control." [Alaskans for Nick Begich, 4/17/21]