US Government Weighs Bitcoin Mining and Gold Sales for Strategic Crypto Reserve

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28.05.2025 229 times read 7 Comments

US Government Considers Entering Bitcoin Mining: Strategic Reserve Debate

According to BTC Echo, the discussion about the United States government entering the Bitcoin mining sector has gained momentum following recent statements by Fred Thiel, CEO of Marathon, one of the largest Bitcoin mining companies. Thiel emphasized the importance of the US actively acquiring Bitcoin for its strategic reserve, stating, “The statement by the US that we will have a strategic reserve is an empty statement if you don’t start putting something in it.” He proposed that the US government should consider mining Bitcoin itself, describing this as a “budget-neutral acquisition strategy.”

Former President Donald Trump has reiterated his intention to make the US the “crypto capital of the world” but has also made it clear that he does not want to use taxpayer money to purchase Bitcoin. Thiel suggested that the government could utilize “excess hydropower” to mine Bitcoin and fill the reserve without direct expenditure of public funds.

Currently, the United States holds approximately 198,000 BTC, valued at $21 billion, according to BitcoinTreasuries. For comparison, Bitcoin mining companies collectively mine about 450 BTC per day, which equates to roughly 164,000 BTC annually.

An alternative approach was suggested by Senator Cynthia Lummis, who argued that the US could sell underperforming assets, such as gold from Fort Knox, to acquire Bitcoin. The US currently possesses over 8,100 tons of gold, with a reserve value of around $866 billion. Lummis claimed that selling just 10 percent of this gold could enable the purchase of more than 800,000 BTC, and she emphasized, “The impact on the US balance sheet is practically neutral.”

Asset Current Holdings Value (USD)
Bitcoin 198,000 BTC $21 billion
Gold 8,100 tons $866 billion
  • Marathon CEO Fred Thiel recommends government Bitcoin mining using surplus hydropower.
  • Senator Cynthia Lummis proposes selling underperforming gold assets to acquire Bitcoin.
  • Trump administration opposes using tax money for direct Bitcoin purchases.
“I think it is crucial,” said Fred Thiel regarding the acquisition of Bitcoin for the reserve. “The statement by the US that we will have a strategic reserve is an empty statement if you don’t start putting something in it.”

Summary: The US government is considering various strategies to increase its Bitcoin holdings, including direct mining and asset reallocation. The debate centers on budget-neutral approaches, with current reserves at 198,000 BTC and significant gold assets potentially available for conversion.

Samsung Magazine reports on a sponsored offer from CRYPTOMINING COMPANY, a cloud mining platform regulated by the UK Financial Services Authority. The platform provides users worldwide with the opportunity to earn passive income by mining Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE) without any upfront investment. New users who register can receive a random cash bonus ranging from $10 to $100.

CRYPTOMINING COMPANY utilizes advanced artificial intelligence technology to optimize mining activities for maximum profitability and efficiency. The platform is designed to be accessible to both beginners and experienced cryptocurrency enthusiasts. Users can start earning without prior experience, and the platform supports multiple cryptocurrencies for transactions, including USDT-TRC20, BTC, ETH, LTC, BNB, USDT-ERC20, USDC, BCH, DOGE, SOL, and XRP.

The company claims to operate more than 100 mining farms, with over 26.07 million miners and 9.39 million users globally. Several mining plans are available, starting from as little as $10. The platform also offers a partner program, allowing users to earn additional income by referring new customers.

Mining Plan Investment Total Net Profit
Beginner Mining Experience $100 $108
Primary Hashrate Mining $360 $394.16
Primary Hashrate Mining $4,900 $6,756.90
Primary Hashrate Mining $7,600 $11,521
Advanced Hashrate Mining $10,800 $15,904.40
Advanced Hashrate Mining $49,000 $83,460
  • Users receive a cash bonus of $10–$100 upon registration.
  • Multiple mining contracts are available for different hash rates and investment levels.
  • Payments are processed automatically within 1–5 minutes.
  • The platform is powered by renewable energy sources such as solar and wind.

Summary: CRYPTOMINING COMPANY offers a cloud mining service with a global reach, promising passive income, instant cash bonuses, and a variety of investment plans. The platform emphasizes user-friendliness, security, and sustainability, but the article notes that investments in such projects can be very risky and recommends careful consideration.

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noonee else saying thsi, but if u sell gold from fort knox just to buy btc that seams kinda dumb ngl, like gold has bin arround 1000s of yers and u cant just print it so isint it more safe to just keep the gold and not switch? Also dont bitcoin mining need like a ton of elctricity? so if all the hydropower gets used up what then?? i dnt realy think goverment should get into crypto mineing themselfs, migth go wrong so fast.
One thing I haven’t seen mentioned here yet is the whole topic of cloud mining platforms and these “too good to be true” passive income promises like the one in the sponsored part of the article. I mean, they’re trying to get people hyped up with bonuses and flashy returns, but honestly, who’s really making money here? I personally know people who have put a few bucks into similar cloud mining things and either barely broke even or didn’t even get their money back after a year. Not to sound all conspiracy but if the US government ever worked with these kinds of companies, it’d open a whole different can of worms that’s probably way riskier than holding onto some gold or mining BTC on their own turf.

Also, it’s kinda wild to say mining BTC could be “budget-neutral” just by using up “excess” hydropower — is there really that much “extra” hydropower just sitting around, waiting to be used? Especially with all the stuff going on about clean energy needing to cover so many other things these days. If you ask me, this is the sort of high stakes stuff where the US really shouldn’t just jump in because it’s trendy or because companies are hyping it. Maybe I’m old school but having *some* solid gold as backup feels a lot less sketchy than a strategic reserve built on mining plans or flashy new investment platforms. And if the government starts promoting companies that promise free cash bonuses, that would just send the total wrong message.
I'm honestly skeptical about the claim that selling off “underperforming” gold from Fort Knox is just “practically neutral” for the US balance sheet—gold feels way more stable long-term than hoping BTC keeps its value, and once you sell that gold, you can’t get it back easily.
I'm kinda surprised no one here mentioned what happens if the gov't starts getting really deep into these cloud mining companies, like the one that was advertised in the article (CRYPTOMINING COMPANY or whatever). We keep hearing all the time about how platforms promising quick crypto profits can go bust or get hacked, so I really don't see the US government trusting a third-party service like that with national reserves anytime soon, right? All those “instant cash bonuses” and wild profit numbers just make me think it's way riskier than regular mining or buying directly.

Also, what's stopping someone from setting up shop overseas and then the hydropower that's “excess” isn't really so extra when it's being sold to private mining companies or even foreign entities? I don’t have anything against renewables but it always seems like whenever something becomes profitable, the ‘extra’ resources disappear really quick. Plus, those cloud companies always say they're sustainable and safe but, come on, how many of those have gone up in smoke after a few years?

So, for me, as much as all the talk about reserves and strategy sounds interesting, if the US really wants to get involved, wouldn't it make more sense to stick with something they can actually control? Relying on random third-party apps or hoping cloud mining is less risky than just holding onto gold or mining themselves feels kinda off. Not saying old-school gold reserves are perfect or anything, but putting the public's strategic assets into some company that’s promising free cash bonuses seems short-sighted at best. Just curious what others think, maybe I’m just too skeptical!
I'm just wondering how the government plans to avoid all the scams and security issues that keep popping up around cloud mining, cause it's not like those platforms are famous for being super safe.
Wait so if that mining companny realy has 26mil miners and 9mil users why would USA gov bother to make there own when thay can probably just rent power from like CRYPTOMINING COMPANY or smthn and skip all them electrcity costs?
is cloud mineing on this CRYPTOMINIG COMPANY like same as what the US goverment is wanting to do with there own bitcoin mining, or do they use other types of powers because I thougt the artical said about usin hydro and wind for the bonus and now im confused?
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