America’ strategic bitcoin reserve act: own 10 million bitcoins

THE STRATEGIC BITCOIN RESERVE ACT — 

THE STRATEGIC BITCOIN RESERVE ACT — 

MAXIMALIST‑PLUS EDITION

North Star (non‑negotiable outcomes)

• Own 10,000,000 BTC on the sovereign balance sheet (core target 6M, hard stretch 10M via direct buys + allied options + miner offtake).
• Timeline: Core ≤5 years; ≥3M BTC in ≤24 months; ≥6M BTC in ≤36 months.
• Doctrine: Never sell. Liquidity comes from secured lending and options income—not spot disposals.
• Positioning: The dollar remains the unit of account; Bitcoin becomes the reserve asset beneath it.

Why this extreme posture is rational

• Supply math is destiny. Fixed cap 21M; issuance is 450 BTC/day (164k/year). Sovereign‑scale demand measured in millions forces repricing and locks in monetary high ground.
• Share of supply is power. 6M BTC = ~28.6% of terminal supply; 10M = ~47.6%. No rival can “print” their way to parity.
• Dollar‑positive. A Bitcoin reserve strengthens—not replaces—the dollar by anchoring dollar‑denominated rails (banking, ETFs, stablecoins) to the scarcest global asset.

Shock‑and‑Awe Accumulation (then relentless programmatic buying)

Phase 0 — 

Vault online, law in force (Day 1–30)

• Stand up a Sovereign Accumulation Facility (SAF) at Treasury/Fed: N‑of‑M multisig across agencies; air‑gapped HSMs; geographic key splits; continuous independent audit; on‑chain proof‑of‑reserves each quarter.
• Seed the reserve by consolidating all lawfully controlled federal BTC (forfeitures/seizures) into SAF wallets.
• Pass SBRA statute: no forced sales, no encumbrances, supermajority vote required to alter doctrine.

Phase 1 — 

Lock size without a splash (Months 1–6)

• OTC block programs across a syndicate of Tier‑1 liquidity providers; rolling, time‑weighted, settlement‑staggered.
• Bilateral sovereign tenders with whales/treasuries in 100k–500k BTC tranches; tax‑neutral exchange into Bitcoin Reserve Bonds (below); staged delivery windows.
• Miner offtake & forwards (U.S. first). Pre‑buy multi‑year output at negotiated discounts; prioritize methane‑mitigation and curtailed‑renewable sites.
• Programmatic DCA through dark liquidity 24/7.
  12‑month target: ≥1.5M BTC accumulated; 90‑day waypoint: ≥500k BTC—quietly, cleanly.

Phase 2 — 

Build the flywheel (Months 6–36)

• Volatility overlay: covered‑call/put‑spread income on a small sleeve; recycle premium into spot (“vol‑for‑coins”).
• Collateral engine: lend against ≤10% of holdings (over‑collateralized, sovereign‑only counterparties), no rehypothecation.
• Allied options: structured calls granting close allies co‑purchase rights at defined strikes; aligns incentives and keeps the U.S. at the center.

Phase 3 — 

Durable dominance (Years 3–5)

• Never‑sell doctrine codified. Liquidity via repo‑style facilities, not disposals.
• Payments & L2 R&D catalyst: fund open‑source wallets, L2 settlement, custody standards; maintain strict protocol neutrality.
• BTC lender of last resort for allies: swap lines collateralized by their sovereign reserves.

Capital, Funding, and Accounting (built for scale)

• Bitcoin Reserve Bonds (BRBs), 30–50y. Investors exchange appreciated BTC or cash; Treasury receives BTC; coupons partially funded by options income.
• BOMD (Bitcoin Open Market Desk). A SOMA‑like desk with a narrow remit: execute buys, manage hedges, run lending. Transparent mandate, audited operations.
• Mark‑to‑market discipline. Quarterly marks; gains remain unrealized unless deliberately converted; program overhead funded by options + lending income.
• No new taxes. Finance via BRBs, marginal asset reallocations, and retention of lawfully forfeited BTC.

Energy & Industry (turn a “risk” into strategic leverage)

• Watt‑to‑Wealth Initiative. Co‑site miners as controllable load at grid nodes, LNG flare sites, and renewable curtailment zones.
• Methane‑mitigation standard. Prioritize offtake from miners using flared/vented gas and verified clean power.
• Domestic hardware sovereignty. CHIPS‑style incentives for secure ASICs, HSMs, and custody‑grade hardware; onshore the full custody toolchain.

Banking & Market Plumbing

• BTC Repo Window (sovereign counterparties). Haircut‑based lending against BTC collateral; stabilizes liquidity without selling.
• Regulatory clarity for banks to hold BTC as high‑quality liquid assets when held via SAF‑approved custody and haircuts.
• Public transparency: quarterly cryptographic proofs + financial statements; annual SOC‑2‑equivalent audits.

International Architecture

• Allied Accumulation Compact. Optioned co‑purchases with G7 partners; coordinated custody standards; shared forensics and incident response.
• SBEX (Sovereign Bitcoin Exchange). A discrete, invitation‑only venue for sovereigns/major institutions to tender size, settle in‑kind, and avoid exchange slippage.
• Non‑interference pledge. The U.S. codifies protocol neutrality; no lobbying for protocol‑level changes.

Industrial‑Scale Issuance Lock‑Up (illustrative)

• With issuance ~164k BTC/year, securing 50–60% of global hashrate via U.S./ally miner offtake captures ~82k–99k BTC/year for the reserve without touching order books.
• Over a decade—even with halvings—this programmatically adds hundreds of thousands of BTC on top of market purchases.

Targets & Scorecard

12 months

• ≥1.5M BTC acquired; ≥50% via OTC/tenders/forwards (not lit venues)
• Zero custody incidents; clean audit; on‑chain PoR verified
• >60% of new U.S. mining capacity under methane‑mitigation/clean‑power standards

24 months

• ≥3.0M BTC acquired
• U.S./ally contracts claim ≥70% of North American new issuance
• BOMD operating with positive carry (options + lending ≥ program overhead)

≤5 years

• ≥6.0M BTC (stretch 10.0M BTC) on balance sheet
• U.S. recognized as BTC lender of last resort for allies
• Reserve regarded by markets as a strategic asset akin to gold—scarcer, more mobile, programmable

Ultra‑Bull Scenario Math (illustrative, not forecasts)

BTC Target	WAAP ($/BTC)	Outlay ($T)	Value @ $750k ($T)	Value @ $1M ($T)	Value @ $1.5M ($T)	Gain @ $1M ($T)
6M	200,000	1.20	4.50	6.00	9.00	4.80
6M	300,000	1.80	4.50	6.00	9.00	4.20
8M	300,000	2.40	6.00	8.00	12.00	5.60
10M	300,000	3.00	7.50	10.00	15.00	7.00

Even with an aggressive average buy price, the sovereign‑scale position creates powerful asymmetric upside over a long horizon.

Risks (and how the maximalist plan swallows them)

• Volatility: DCA + options income + secured lending compress net cost and cushion drawdowns.
• Liquidity impact: Favor OTC/tenders/forwards; ramp aggression during market stress (“buy the dips” by design).
• Policy whiplash: Hard‑code SBRA; supermajority required to unwind; independent audit + PoR keep legitimacy high.
• Energy optics: Tie offtake to verified methane mitigation/clean power; publish lifecycle intensity of the reserve.
• Security: Defense‑grade custody; continuous red‑team; immutable separation of duties; real‑time anomaly detection.

One‑Page Decision

1. Pass SBRA with never‑sell doctrine, acquisition bands, custody and disclosure standards.
2. Activate SAF & BOMD within 30 days.
3. Execute Phase‑1 Shock‑and‑Awe (≥500k BTC in 90 days via OTC/tenders/miner offtake).
4. Publish quarterly on‑chain proofs and audited statements.
5. Invite allies into optioned co‑purchases—the U.S. sets the rules and the tempo.

Want this turned into a two‑page Hill brief and a 10‑slide decision deck with timelines, key risks, and the scenario math above? I can deliver those next.