Bitcoin whales form a "Finance Committee"! Joining forces with Congress to promote the establishment of a million BTC national reserve in the United States.

On September 16, the Corporate Bitcoin Holder Alliance announced the establishment of its first “Finance Committee,” led by the CEOs of several publicly traded companies that hold significant amounts of Bitcoin (BTC). The goal is to promote the passage of the “Bitcoin Bill” in the U.S. Congress, aiming to establish a national strategic reserve of one million BTC within five years. This initiative marks a shift of corporate whales from market participants to policy advocates, attempting to integrate Bitcoin into the core financial strategy of the United States.

Members of the Finance Committee: Bitcoin industry Whales gather

Leadership:

· Strategy CEO Phong Le (holder of 440,000+ BTC)

· MARA Chairman Fred Thiel

· Riot CEO Jason Les

· Other members: large Bitcoin holder companies such as CleanSpark, American Bitcoin Corp, Bitdeer Technologies, etc.

Executive Director Merris Badcock described the committee as an “exclusive leadership body” aimed at bringing together corporate executives and policymakers to advance the role of Bitcoin in corporate finance and global finance.

Congress pushes the “Bitcoin Bill”

On the same day, more than ten cryptocurrency advocates met with members of Congress to discuss the strategic Bitcoin reserve plan promoted jointly by the Digital Chamber of Commerce, the Digital Power Network (DPN), and the Finance Committee.

Participants: Nick Begich, Pat Harrigan, Michael Rulli, Bernie Moreno, Marsha Blackburn

Core of the Bill:

· Acquire up to 1,000,000 BTC within five years (current value approximately 116.5 billion dollars)

· Source of funds: Federal Reserve net profit + treasury bond adjustments based on gold holdings

· Establish decentralized Bitcoin storage facilities across the United States

· The holding period must be at least 20 years, and no more than 10% can be sold within two years.

Trump executive order lays the foundation

March 6, 2025: President Donald Trump signs an executive order to establish a strategic Bitcoin reserve and digital asset reserve.

Initial reserves: Approximately 200,000 BTC held by the government (mostly from law enforcement seizures)

Current restrictions: Do not actively purchase other assets apart from seized BTC → Market expectations for immediate large-scale purchases have fallen through.

Treasury Secretary Scott Besant stated that the government is seeking a “budget-neutral” way to expand BTC reserves, ensuring that taxpayer burden is not increased.

Strategic Significance and Market Impact

To the United States:

· Enhance financial resilience and anti-inflation capacity

· Strengthen the position of the US dollar in the era of digital assets

To the Market:

· The million BTC national reserves will significantly reduce the market circulation.

· May become an important driving force for the long-term Bitcoin bull market

Conclusion

With the establishment of the “Finance Committee”, Bitcoin Whales are extending their influence to the legislative level, attempting to promote the creation of an unprecedented national BTC reserve in the United States. If the “Bitcoin Bill” is ultimately passed, it will not only change the financial strategy of the United States but may also reshape the supply and demand landscape of the global Bitcoin market.