Las Vegas, Nevada – CEO of Marathon Digital Holdings (Mara), Fred Thiel, has an idea of how the administration of US President Donald Trump can make his promises to build a strategic bitcoin reserve: start in Minier.
Speaking on Tuesday on a Bitcoin 2025 panel in Las Vegas, Thiel said that the US government had many potential means of generating bitcoin to fill the Bitcoin Strategic Reserve which adhere to the “neutral budget” acquisition strategy in the Mars Trump decree, in particular using excessive hydroenergy to undermine the Bitcoin on the earth.
Although it has been almost three months since Trump has authorized the creation of a Bitcoin strategic reserve, it is not clear exactly how – and when – the government will take measures to start filling it, an obvious source of frustration among a certain number of speakers at the conference.
“I think it’s essential,” said Thiel about the acquisition of Bitcoin for the reserve. “The United States making a statement that we are going to have a strategic reserve is an empty statement unless you are starting to put things in it.”
At this stage, the reserve is supposed to hold all the bitcoin which was dimensioned by the government in civil and criminal confiscations – estimated at around 200,000 bitcoins. But many in industry and government, including senator Cynthia Lummis (R-Wyo.), Think that bringing the government’s existing Bitcoin stock into a strategic reserve is only a first step, followed by more important and more significant acquisitions.
In March, Lummis reintroduced legislation – the so -called Bitcoin Act of 2025 – aimed at codifying Trump’s plans for a strategic bitcoin reserve. According to the Lummis plan, after having passed all the bitcoins confiscated in the reserve, the US government would spend the next two to five years to convert some of its Bitcoin gold certificates.
“We have enough assets in the underperforming assets that we can obtain five percent of the world’s bitcoin without spending a single penny,” said Lummis.
However, Lummis has recognized that it is unlikely that any real movement on the Bitcoin law – or, more broadly, takes important measures to fill the strategic reserve with something other than lost assets – will present itself before the Congress will make its way thanks to the legislation on the structure of the stable and the structure of the market.
“It will be a heavier elevator than I thought because so many people do not understand Bitcoin,” said Lummis.
