Galaxy Digital’s head of firmwide research, Alex Thorn, believes there is a strong likelihood that the United States government will establish a Strategic Bitcoin Reserve (SBR) before the end of 2025.

Thorn stated in a recent post:

“I still think there’s a strong chance the US government will announce this year that it has formed the strategic Bitcoin reserve (SBR) and is formally holding BTC as a strategic asset. Market seems to be completely underpricing the likelihood of such an announcement.”

Signs the reserve plan is progressing

In March, President Trump signed an executive order to establish the SBR and a US Digital Asset Stockpile, but a concrete strategic plan has yet to be confirmed.

Nevertheless, momentum appears to be building: US lawmakers recently introduced a bill instructing the Treasury to report on the feasibility and logistics of a Strategic Bitcoin Reserve.

Additionally, Trump’s administration reportedly remains interested in the SBR, despite minimal reference to it in official policy documents.

Diverging views

Not all market participants are convinced the reserve will materialize this year.

Dave Weisburger, former chairman of CoinRoutes, suggested the move is more likely in 2026 and commented that the administration may delay any announcement until it quietly accumulates its initial target holdings.

Global momentum

Some prominent Bitcoin figures, such as Jan3 founder Samson Mow, have argued that the US risks falling behind other nations if it delays its accumulation strategy.

Mow warned the US could be front-run by countries like Pakistan.

Recent developments include Kyrgyzstan progressing legislation for a state cryptocurrency reserve, and discussions in Indonesia about a national bitcoin reserve to support economic growth.