According to Alex Thorn from Galaxy Digital, the US might be on the verge of establishing a Strategic Bitcoin Reserve amidst growing global competition.
Alex Thorn, Head of Research at Galaxy Digital, suggests the United States could unveil a Strategic Bitcoin Reserve (SBR) before this year concludes.
Thorn believes the market underestimates the possibility of this development.
Potential for a US Bitcoin Reserve Gains Traction
Back in March, then-President Trump reportedly signed an executive order greenlighting the creation of a Strategic Bitcoin Reserve alongside a national Digital Asset Stockpile.
While specific details remain undisclosed, signals indicate forward movement.
Thorn shared on X that the government might soon officially acknowledge Bitcoin as a strategic national asset. Furthermore, a recent legislative proposal tasks the Treasury with evaluating the feasibility of such a reserve.
yes, i mean the U.S. government announcing, not bessent’s offhand comment on tv
that comment gave us hints of where they think the size of the reserve stands but is not a formal announcement of the SBR https://t.co/ADxguLJ8vH
— Alex Thorn (@intangiblecoins) September 11, 2025
This study would encompass both technical and strategic elements, providing a clearer roadmap for how such a program might function.
Trump’s crypto policy report, published in July, briefly touched upon the reserve. However, government sources have since reaffirmed the administration’s ongoing commitment to its creation.
Not everyone is convinced of a launch this year. Dave Weisburger, previously chairman of CoinRoutes, suggests 2026 as a more plausible timeframe.
Weisburger proposes the government might prefer quietly acquiring Bitcoin before any official announcements, enabling the US to secure holdings at more favorable price points.
Concerns About Competitive Disadvantage
However, delaying action carries risks, with other nations beginning to adopt more assertive strategies.
Kyrgyzstan recently progressed a bill to establish its own national cryptocurrency reserve. Likewise, an Indonesian Bitcoin advocacy group engaged in talks with government representatives to highlight the advantages of such an initiative.
🚨 BREAKING: 🇰🇬 Kyrgyzstan’s Parliament approves bill to create a Strategic Bitcoin Reserve. pic.twitter.com/bYhFUXRQXJ
— Bitcoin Archive (@BTC_Archive) September 10, 2025
These developments indicate that interest in sovereign Bitcoin reserves is rapidly escalating and gaining global momentum.
Corporate Bitcoin Holdings Increase Pressure
Meanwhile, while governments deliberate their strategies, corporations continue to expand their Bitcoin portfolios.
Strategy, led by Michael Saylor, currently possesses the largest known corporate holding with 636,505 BTC, exceeding all other firms.
MARA Holdings occupies the second position with 52,477 BTC, having added 705 BTC in August. XXI, founded by Strike CEO Jack Mallers, already controls 43,514 BTC. Bitcoin Standard Treasury Company has accumulated 30,021 BTC.
Other prominent holders include crypto exchange Bullish with 24,000 BTC and Metaplanet with 20,000 BTC. Publicly listed entities such as Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase also maintain substantial reserves.
Market Dynamics and Limited Supply
Bitcoin’s capped supply is 21 million coins, with only approximately 5.2% remaining to be mined. Large-scale accumulation by corporations and governments could potentially trigger a supply crunch.
This trend has fueled speculation regarding future price increases. As more institutions compete for a finite supply, smaller investors may encounter increased difficulty in acquiring significant quantities of Bitcoin.
The establishment of a US Strategic Bitcoin Reserve would represent a pivotal policy decision in the realm of digital assets, signifying Bitcoin not merely as a speculative asset but as a recognized store of value.
Future Prospects
Regardless of whether the reserve materializes this year or later, the discussion surrounding it is unlikely to dissipate. Pressure stemming from corporate activities and global competition will keep Bitcoin in the forefront.
Thorn’s projection has reignited attention, and many investors will be vigilantly monitoring for indications of formal confirmation.
If the US proceeds expeditiously, it could pave the way for wider adoption of sovereign Bitcoin reserves worldwide.