US “Strategic Bitcoin Reserve” Could Arrive Before Year-End — Galaxy’s Alex Thorn

[johnblockbuster]

Galaxy Digital research head Alex Thorn believes the United States is closer than most expect to holding Bitcoin as a strategic national asset.

“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,”
— Alex Thorn, on X

Thorn argues the market is underpricing the odds of such an announcement.

Why It Matters

Executive order already signed: President Trump approved the SBR and a U.S. Digital Asset Stockpile in March 2025, laying a legal foundation.

Legislative follow-up: This week lawmakers introduced a bill instructing the Treasury to deliver a feasibility and technical report on building and managing the reserve.

Policy signals: Trump’s own crypto policy report kept the SBR mention brief, but insiders say it remains a priority.

Diverging Timelines

Not everyone is as bullish on a 2025 reveal:

Dave Weisburger (ex-CoinRoutes): Predicts a 2026 announcement, arguing that smart strategy is to accumulate quietly first.

Samson Mow (Jan3): Warns that delaying could let other nations—he specifically cited Pakistan—front-run the U.S. in large-scale Bitcoin accumulation.

Global Context

Kyrgyzstan just advanced a bill to create a state crypto reserve.

Indonesia is exploring similar strategies with industry groups.

The race to treat Bitcoin as a sovereign reserve asset is heating up.

Quick Take for Builders & Traders

Macro hedge: A formal U.S. Bitcoin reserve would validate BTC as a strategic commodity, not just a risk asset.

Liquidity shock: Government accumulation could tighten supply and influence long-term price floors.

Regulatory knock-on: Expect follow-up rules for custody, reporting, and public balance-sheet treatment.

Bottom line:
Whether the U.S. confirms it in 2025 or waits until 2026, the strategic reserve concept is already shaping policy. For developers, investors and miners, the window to position around a potential state-level buyer of last resort may be shorter than the market thinks.