A draft piece of legislation introduced by U.S. Senator Cynthia Lummis shows that the new strategic bitcoin reserve would be funded in part by revaluing the Federal Reserve's gold. The plan would buy up to 200,000 bitcoins a year for five years, totaling 1 million bitcoins. The bitcoins would be held for at least 20 years, primarily to pay off federal debt. The draft also proposes a decentralized network of secure bitcoin storage facilities across the United States. In addition, plans include setting aside $6 billion from the Fed's net earnings from fiscal year 2025 through 2029 and reducing the Fed Bank's equity fund to $2.40 billion. A revaluation of the Fed Bank's gold certificates is also planned to reflect their fair market value. The current market value of gold held by the Fed is about $11 billion, and the market price is about $2,400 an ounce.