Concerns Over U.S. Bitcoin Holdings
Senator Cynthia Lummis (R-WY) has voiced her concerns following new revelations about the U.S. government’s Bitcoin holdings, which appear to be significantly lower than previously thought. An independent journalist recently unveiled through social media that the current value of American Bitcoin reserves is approximately $3.44 billion—much less than earlier estimates suggested.
Discussion Initiated by Bitcoin Community
This discussion was ignited by David Bailey, chairman of Bitcoin Magazine, who offered a $10,000 reward for information revealing the exact amount of Bitcoin held by the U.S. government. Journalist Lola Leetz responded to his challenge with documents purportedly obtained from the United States Marshals Service, indicating that the U.S. holds around 29,000 Bitcoins—around 85% less than the initial belief of 200,000.
Bailey remarked in a recent social media post, “It seems we have clarity on the U.S. position with Bitcoin, and it explains the prolonged stagnation in price action. This news could be bullish for the market.”
Historical Context of U.S. Bitcoin Reserves
The origins of the U.S. Bitcoin Reserve date back to a March 2025 executive order from former President Donald Trump, who aimed to leverage digital assets to foster national economic growth. At that time, White House appointee David Sacks projected the government’s holdings at about 200,000 Bitcoins but acknowledged that a thorough audit of these assets had not been undertaken.
Senator Lummis’s Reaction
In light of the latest information, Senator Lummis expressed her dismay:
“I am alarmed by the claims that the U.S. has sold off more than 80% of its Bitcoin reserves, potentially leaving us with only ~29,000 Bitcoins. If this is accurate, it represents a serious strategic error, putting the United States significantly behind in the race for Bitcoin adoption and innovation.”
As of now, the White House has not issued a statement regarding these distressing reports.
