Frank Holmes , Executive Chairman at HIVE, believes the U.S. could eventually adopt Bitcoin as part of its strategic reserves—but probably not this year.
In a conversation with TheStreet Roundtable host David Gokhshtein, Holmes weighed in on growing speculation around Senator Cynthia Lummis’ push for a strategic Bitcoin reserve , and whether the U.S. government might begin accumulating BTC soon.
“I don't know if it'll happen this year,” Holmes said, pointing to the bigger picture. “I think the big part is the supply that the government owns won't be hitting the market.”
Holmes noted that education plays a critical role in any major government shift. He pointed to former President Donald Trump as an example of evolving views within Washington.
“You got to remember, when President Trump’s first run at being the president, he was anti-Bitcoin,” Holmes said. “And I think his kids basically educated and informed him, along with the crypto ecosystem supporting this private property, digital asset.”
Trump’s apparent shift toward a more favorable view of Bitcoin has been seen across his 2024 and 2025 campaign rhetoric, where he positioned himself as more crypto-friendly than his Democratic counterparts.
Holmes didn’t offer a specific timeline for U.S. government action, but hinted that if and when it comes, it could trigger a powerful domino effect. “It'll evolve, and when it happens, it will be one of those exponential moves,” he said.
He added that other nations could act as a catalyst: “We're going to get a few other countries that are going to say [they’re] adopting Bitcoin like you have El Salvador, and when that happens, then we’ll start getting more momentum.”
HIVE Digital Technologies Ltd. is a Canadian company specializing in sustainable digital infrastructure, focusing on Bitcoin mining and high-performance computing (HPC) powered by green energy sources.
HIVE mines 108 BTC in March
HIVE Digital Technologies (NASDAQ:HIVE) mined 108 Bitcoin in March 2025, growing its total BTC holdings to 2,201 coins as of March 31 — worth roughly $180 million at Bitcoin’s then-market price of $82,000.
HIVE recently launched a major green-powered mining facility in Paraguay, part of its strategy to scale operations sustainably.
The company maintained an average hashrate of 6.3 exahashes per second (EH/s) during March, with a fleet efficiency of 20.7 joules per terahash. HIVE also recorded a peak Bitcoin-only hashrate of 6.2 EH/s, with its total BTC-equivalent hashrate hitting 6.4 EH/s.
HIVE’s current output averages 3.5 BTC per day — or 17.6 BTC per exahash.
Hashrate is the measure of a crypto mining machine’s computational power. It tells you how many calculations per second the hardware can perform to solve the complex equations that validate blockchain transactions. A higher hashrate generally means more mining power and a greater likelihood of earning block rewards. For context, one exahash equals one quintillion hashes per second.
