Executive Director Merris Badcock described the coalition as “an exclusive leadership body” combining corporate executives and policymakers to advance crypto’s role in treasury strategy and global finance.
The Treasury Council’s formation reflects growing corporate confidence in Bitcoin treasury strategies.
Over a dozen crypto advocates are meeting with lawmakers on Capitol Hill on Sept. 16 to discuss and advance a Strategic Bitcoin Reserve in a coordinated movement sponsored by The Digital Chamber, Digital Power Network, and the Treasury Council.
The group offers testimony and industry expertise to support legislative advancement.
The legislation requires the federal government to acquire up to one million Bitcoin over five years, currently valued at approximately $116.5 billion.
Funding through Fed reserves
The initiative would be funded through Federal Reserve net earnings and Treasury certificate adjustments based on gold holdings, with updated valuations covering costs. The bill mandates establishing decentralized Bitcoin storage facilities across the US.
All acquired Bitcoin must be held for at least 20 years, and Treasury Secretaries may not sell more than 10% of their holdings in any two-year period.
The order uses approximately 200,000 BTC in government custody as the foundation for the reserve.
Under the current executive order, the government will not actively acquire additional assets beyond seized Bitcoin, disappointing markets that expected immediate purchases.
