ProCap BTC founder Anthony Pompliano: The United States will announce in the future that it has spent money to purchase Bitcoin

ProCap BTC founder Anthony Pompliano said that sooner or later the White House will announce that it has spent money to buy Bitcoin.
(Preliminary summary: Key points of the "new version" of the U.S. reserve 1 million Bitcoin bill: allowing gold and foreign exchange funds to buy BTC, prohibiting sales within 20 years...)
(Background supplement: The United States will hold a "Bitcoin bill" promotion meeting, and the Republican Party and the encryption industry are pushing to buy 1 million BTC in 5 years)

Has the U.S. government secretly hoarded Bitcoin and waited for the opportunity to unveil it? In a recent CNBC interview, Anthony Pompliano, founder of ProCap BTC, said:

"Sooner or later, the White House will announce that the government has bought Bitcoin and put this asset into the strategic reserve." point that they are buying #Bitcoin" 🚀 pic.twitter.com/X9TQbHx0cW

— Bold Bitcoin (@BoldBitcoin) October 5, 2025

Strategic Bitcoin Reserve: Budget Neutrality Principle

Back in March of this year, shortly after taking office, U.S. President Trump signed an executive order, announcing that Bitcoin would be upgraded to a strategic asset against gold, and a Bitcoin strategic reserve would be established. SBR was born.

However, SBR’s first batch of reserves did not come from Bitcoins purchased in the open market, but were directly transferred to SBR from the confiscation proceeds accumulated by the U.S. Department of Justice and Internal Revenue Service over the years, approximately 200,000 BTC. The White House emphasized at the time that the SBR mainly adopted the principle of "budget neutrality", that is, it would not use new funds to purchase, but would use asset swaps, income reinvestment and other models to expand reserves and try not to increase the burden on federal liabilities.

However, Pompliano believes that the United States already has the funds and motivation to "buy now and disclose later", and once the government discloses its holdings, it will further increase the willingness of global institutions and sovereign countries to allocate Bitcoin.

The Bitcoin Bill is the Key

As of now, we still don’t know whether the U.S. government has spent money to purchase Bitcoin. However, it is worth noting that whether the U.S. government will openly purchase Bitcoin in the future will require a bill: the Bitcoin Bill.

In mid-September this year, the U.S. Congress officially held a meeting to promote the Bitcoin Strategic Reserve Act. The meeting brought together many Republican members from the Senate and the House of Representatives, as well as a group of cryptocurrency industry leaders, to gain support for the vision of allowing the U.S. government to acquire one million bitcoins within five years and create a "Strategic Bitcoin Reserve (SBR)."

This meeting is mainly to canvass votes for the "BITCOIN Act" proposed by Senator Cynthia Lummis in March this year. This bill hopes to promote Bitcoin to become the national reserve asset of the United States, allowing the US government to spend real money and actively buy 1 million Bitcoins.

According to the content of the bill, these Bitcoins will be dispersedly stored in closely guarded cold wallets in multiple locations, held for at least 20 years, and the amount sold within two years shall not exceed 10% of the total reserves to maintain the integrity of the reserves.

However, although the current bill has the support of industry and Republicans, it still needs to cross the bipartisan divide. Lummis also admitted in an interview with the media that winning the support of Democratic allies "will not happen overnight."