TechFlow reported on March 13 that Senator Cynthia Lummis has resubmitted the Bitcoin bill to the Senate, after the 2024 version was previously搁置 in committee. The new version retains the proposal to purchase one million bitcoins over five years but includes several key differences.
- The 2025 Bitcoin bill establishes a stricter annual purchase target of exactly 200,000 bitcoins (compared to the 2024 version's cap of "up to" 200,000). It also strengthens holding requirements by removing the prior version’s exception clause allowing bitcoin sales to repay federal debt instruments.
- The new bill adds provisions for coordinating bitcoin purchases with the Exchange Stabilization Fund (ESF), which was not mentioned in the 2024 version. The ESF is a U.S. Treasury reserve fund holding approximately $39 billion in assets, and executive branch bitcoin acquisitions could potentially draw from this fund.
- Regarding gold revaluation, the 2025 version explicitly states that gains from revaluing federal gold reserves must be used to purchase bitcoin—marking a significant departure from the 2024 version, which directed such proceeds into the general fund.
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