The Treasury Council, which includes nine chief executives from companies like MicroStrategy, MARA, Riot, and others, has actively engaged with lawmakers by sending a formal letter endorsing the BITCOIN Act and meeting on Capitol Hill to promote a Strategic Bitcoin Reserve.

MicroStrategy, one of the leading members, holds over 440,000 BTC, and the coalition aims to influence legislation supporting Bitcoin's role in the national economy.

A coalition of major corporate Bitcoin holders, known as the Treasury Council, was announced on September 16, 2025, with the goal of advocating for federal Bitcoin adoption in Congress.

The Biden administration is exploring budget-neutral strategies to expand Bitcoin holdings without using taxpayer funds, with Treasury Secretary Scott Bessent highlighting the goal to integrate Bitcoin into national treasury strategies.

The U.S. government already established a foundation of approximately 200,000 Bitcoin in custody through President Donald Trump's executive order on March 6, 2025, which created a Strategic Bitcoin Reserve based on seized assets, with no current plans for additional acquisitions.

President Trump’s executive order emphasized retaining forfeited cryptocurrencies as a long-term store of value, but did not authorize further purchases beyond seized assets, disappointing market expectations.

The proposed legislation, including the BITCOIN Act, mandates that Bitcoin holdings be stored in decentralized facilities across the U.S., with a requirement to hold each Bitcoin for at least 20 years and limits on sales within certain periods.

The BITCOIN Act proposes that the U.S. government acquire up to one million Bitcoin over five years, valued at approximately $116.5 billion, with funding expected through Federal Reserve earnings and Treasury adjustments, supported by lawmakers like Cynthia Lummis.