Las Vegas, Nevada – The CEO of Marathon Digital Holdings (Mara), Fred Thiel, has an idea of how the administration of US President Donald Trump can fulfill his promises to build a strategic Bitcoins reserve: starting mining.
Speaking in a panel in Bitcoin 2025 in Las Vegas on Tuesday, Thiel said that the United States government has many potential ways of generating bitcoin to fill the strategic bitcoin reserve that adheres to the neutral “budget” acquisition strategy “established in the Trump March executive order, including the use of excess hydroenergy to extract domestic bitcoin.
Although almost three months have passed since Trump authorized the establishment of a strategic Bitcoin reserve, it is not clear exactly how, and when, the Government will take measures to start filling it, a source of evident frustration between a series of speakers at the conference.
“I think it’s critical,” Thiel said about Bitcoin’s acquisition for the reserve. “The United States making a statement that we are going to have a strategic reserve is an empty statement unless you start putting things on it.”
At this point, it is assumed that the reservation has all the bitcoin that has been dimensioned by the Government in civil and criminal errors, estimated at approximately 200,000 bitcoins. But many in the industry and the government, including Senator Cynthia Lummis (R-WYO), think that taking the existing Bitcoin government reserve in a strategic reserve is simply a first step, followed by larger and more significant acquisitions.
In March, Lummis reintroduced the legislation, the so -called 2025 Bitcoin Law, aimed at encoding Trump’s plans for a strategic Bitcoin reserve. According to Lummis’s plan, after carrying all the Bitcoin lost in the reserve, the United States government would spend the next two or five years turning a part of its gold certificates in Bitcoin.
“We have enough active in low performance assets that we can obtain five percent of the world’s bitcoin without spending a single ten cents,” Lummis said.
However, Lummis acknowledged that it is unlikely that any real movement in Bitcoin’s law, or, in general, takes significant steps to fill the strategic reserve with anything else other than lost assets, will come before Congress opens the way through the legislation of Stablecoin and the market structure.
“It will be a heavier elevator than I thought because many people do not understand Bitcoin,” Lummis said.
