BITCOIN Act of 2025

On March 11, 2025, Rep. Begich (R-AK) introduced HR2032, the BITCOIN Act of 2025, which was referred to the House Committee on Financial Services. The bill proposes a five-year program for the Treasury to acquire 1 million Bitcoin and hold them in trust for at least 20 years, with limited sales allowed after that period only to reduce the national debt. This is a pure authorization bill—it does not appropriate any specific funds. The purchase mechanism is to be funded by 'utilizing certain resources of the Federal Reserve System,' but no dollar ceiling is specified. The bill's sponsors include Rep. Begich (a junior House member) with 9 cosponsors, and companion bill S954 exists in the Senate. The legislative velocity is low: three actions total, all on the same day (introduction + referral). No hearings, markups, or floor votes have occurred in over 13 months. The bill's path requires committee markup, House floor vote, Senate passage via companion bill, and presidential signature—each step represents a significant hurdle given the 119th Congress's current legislative calendar. The primary structural winner if enacted would be $MSTR, which holds the largest public corporate Bitcoin treasury. Government purchase of 1M Bitcoin over 5 years (~200K/year) would absorb roughly 10-15% of annual Bitcoin issuance, a persistent demand shock. $COIN would benefit as a likely Treasury contractor for custody and execution services. would capture institutional flow as the regulatory posture shifts from permissive to actively pro-Bitcoin. The Presidential Memorandum on April 20, 2026, regarding the Defense Production Act for energy infrastructure has no direct relevance to this bill—it affects domestic energy supply chains, not digital assets. No amplification or conflict exists between the two actions. No real market data was provided for current Bitcoin prices or ticker performance. The analysis above is based purely on legislative structure and business positioning. The competitive landscape for Bitcoin custody includes $COIN, $MSTR (self-custody), and private firms like Fidelity Digital Assets—COIN is the only public pure-play regulated exchange/custodian at scale.