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"The US Government’s plan for a Strategic Bitcoin Reserve may already be falling apart. A recent FOIA request revealed shocking gaps in progress, missing BTC, and massive confusion across federal agencies.
In this video, we break down what’s really happening behind the scenes, why the Treasury still hasn’t received key reports, and what this means for the BITCOIN Act, market sentiment, and Bitcoin’s price.
With experts divided and 170,000 BTC unaccounted for, could this be the biggest Bitcoin policy failure yet — or a hidden buying opportunity?"
~ Coin Bureau
The video discusses the status of the US government's plan for a strategic Bitcoin reserve (SBR), which has been met with bureaucratic hurdles and market disappointment since its announcement in July 2024 and subsequent executive order in March 2025. The initial vision, inspired by Senator Cynthia Lummis's Bitcoin Act, proposed acquiring 1 million BTC to mirror strategic gold reserves. However, the executive order clarified that the reserve would only be funded by Bitcoin already seized through criminal forfeitures, not by active government purchases, leading to a sharp market reversal. Further complicating matters, a recent Freedom of Information Act (FOIA) request revealed administrative chaos, with federal agencies failing to report their authority to transfer seized assets to the Treasury six months after the deadline.
Adding to the confusion, a separate FOIA request to the US Marshal Service showed they hold just under 29,000 Bitcoin, an 86% discrepancy from the widely cited figure of over 200,000 BTC held by the government, raising questions about whether the majority has been quietly sold or is simply unaccounted for. While the original goal of a massive reserve now depends on Congress passing a version of the Bitcoin Act—which faces significant political opposition despite strong lobbying—the video concludes that the ultimate bull case for Bitcoin may not even need government action. Powerful on-chain fundamentals, such as 74% of all Bitcoin being deemed illiquid due to long-term holding, and relentless institutional adoption via spot Bitcoin ETFs, suggest the asset's price trajectory is being driven by the private sector, not by Washington's uncertain policy.
00:00 – Has the US Bitcoin Reserve Collapsed?
00:55 – The Rise and Fall of the SBR Announcement
02:25 – FOIA Leak: Missing Bitcoin & Treasury Delays
05:07 – The BITCOIN Act and Its Slim Chances
08:29 – What This Means for Bitcoin’s Future Price
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=qSLorJdHHzQ
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
