tl;dr
Senator Cynthia Lummis expressed concern after reports revealed the U.S. government's Bitcoin Reserve is valued at $3.44 billion as of March 2025, about 85% less than earlier estimates. Documents shared by journalist Lola Leetz, allegedly from the U.S. Marshals Service, suggest the reserve may hold ...
Senator Cynthia Lummis (R-WY) has voiced concern following reports suggesting that the U.S. government’s Bitcoin Reserve is significantly smaller than previously believed. Independent journalist Lola Leetz shared documents allegedly from the United States Marshals Service, revealing Bitcoin holdings valued at just $3.44 billion as of March 2025, which is about 85% less than earlier estimates.
The investigation was sparked by Bitcoin Magazine Chairman David Bailey, who offered a $10,000 bounty to uncover the exact amount of Bitcoin held by the U.S. government. Bailey noted that this revelation might explain the prolonged stagnant price action in Bitcoin and described the news as bullish.
The formation of the U.S. Bitcoin Reserve and Digital Assets Stockpile was officially initiated by President Donald Trump through a March 2025 executive order aimed at leveraging digital assets for national prosperity. At that time, White House AI and Crypto Czar David Sacks estimated the reserve to hold around 200,000 Bitcoins, though no formal audit had confirmed this number.
Senator Lummis reacted strongly to the new information, expressing alarm that over 80% of the Bitcoin reserves may have been sold off, potentially leaving only about 29,000 coins. She described such a move as a "total strategic blunder" that could set the United States back in the global Bitcoin landscape. The White House has not yet issued an official response regarding these reports.