Strategic bitcoin reserve and custody authority

(a) Establishment Any Bitcoin received by the Secretary as a payment under the Internal Revenue Code of 1986 shall be deposited by the Secretary in a Strategic Bitcoin Reserve (referred to in this Act as the Reserve). (b) Custody and management The Secretary is authorized to— (1) accept, hold, and aggregate Bitcoin received under Federal law or acquired through lawful means on behalf of the United States, (2) establish such custody, storage, and security arrangements for the Reserve as the Secretary determines appropriate, including cold storage, multi-signature arrangements, and geographically distributed storage facilities, and (3) manage such holdings with discretion, subject to applicable law, to ensure long-term safekeeping and security. (c) Long-Term retention Bitcoin deposited in the Reserve shall be held for the long-term benefit of the United States. The Secretary may not sell, swap, or otherwise dispose of Bitcoin held in the Reserve except— (1) in accordance with a schedule providing that no more than one-twentieth of the total holdings may be disposed of in any one-year period, and (2) only after the 20-year period beginning on the date such Bitcoin was received or acquired by the United States. (d) Reporting and oversight The Secretary shall publish an annual public report describing— (1) the total Bitcoin holdings of the United States, and (2) the custody and security arrangements of the Reserve. (e) Secretary For purposes of this section, the term Secretary means the Secretary of the Treasury or the Secretary’s delegate.