The Treasury Council is comprised of nine chief executives from firms that possess Bitcoin in their corporate treasuries.
The inaugural members of the Treasury Council were disclosed on Sept. 16 by a coalition of corporate Bitcoin (BTC) holders, who are positioning themselves as advocates for the asset’s federal adoption.
The Treasury Council is comprised of nine chief executives from companies holding Bitcoin in their corporate treasuries. The group is under the guidance of Strategy CEO Phong Le, MARA Chairman Fred Thiel, and Riot CEO Jason Les.
A formal letter, which endorsed the BITCOIN Act, was dispatched to congressional leadership by the group. Simultaneously, over a dozen crypto advocates convened with lawmakers on Capitol Hill.
The coalition was described by Executive Director Merris Badcock as “an exclusive leadership body” that unites corporate executives and policymakers with the goal of advancing crypto’s role in treasury management and global finance.
The formation of the Treasury Council is considered a sign of growing corporate confidence in Bitcoin treasury strategies.
Over 440,000 BTC is held by Strategy, while other participants, including CleanSpark, American Bitcoin Corp, and Bitdeer Technologies, maintain significant positions.
Crypto Advocates Lobby Lawmakers on Capitol Hill
On Sept. 16, more than a dozen crypto proponents are convening with lawmakers on Capitol Hill to promote a Strategic Bitcoin Reserve, a coordinated movement sponsored by The Digital Chamber, Digital Power Network, and the Treasury Council.
Expert testimony and industry-specific knowledge are provided by the group to support legislative progress.
It was stated in a post by the Digital Power Network that Nick Begich, Pat Harrigan, Michael Rulli, Bernie Moreno, and Marsha Blackburn were in attendance. All lawmakers at the meeting have also acted as cosponsors for the reintroduced Bitcoin Act from Senator Cynthia Lummis.
Under the legislation, the federal government is obligated to acquire up to one million Bitcoin over a five-year period, an amount currently valued at approximately $116.5 billion.
Financing will be provided via Federal Reserve reserves.
The initiative would be financed via Federal Reserve net earnings and Treasury certificate adjustments based on gold holdings, with updated valuations covering all costs. The bill also requires the creation of decentralized Bitcoin storage facilities throughout the U.S.
All acquired Bitcoin are required to be retained for a minimum of two decades. Additionally, no more than 10% of their holdings may be sold by Treasury Secretaries within any two-year timeframe.
Trump Executive Order Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
An executive order was signed by President Donald Trump on Mar. 6, which established a Strategic Bitcoin Reserve and Digital Asset Stockpile, directing the federal government to hold forfeited crypto as a long-term store of value.
The foundation for the reserve is being established with roughly 200,000 BTC that is currently held in government custody.
Under the current executive order, no additional assets will be actively acquired by the government apart from forfeited Bitcoin, a development that disappointed markets which had expected immediate purchases.
The administration’s pursuit of cost-neutral strategies to expand Bitcoin holdings without incurring taxpayer costs was confirmed by Treasury Secretary Scott Bessent.
