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The U.S. government holds 328k BTC (about $26 billion), making it the world's largest sovereign Bitcoin reserve—entirely from criminal confiscations, never purchased actively with a single dollar.
On May 7th at Consensus Miami, White House digital asset advisor Patrick Witt announced that a "major strategic reserve announcement will be made within weeks." Nine days have passed.
BTC today is $79,186, down 2.47% in 24 hours, showing no reaction to this "national-level good news."
The BITCOIN Act plans to require the Treasury to actively buy 1 million BTC within five years, with the first purchase expected in Q4 2026.
However, the bill still needs 60 votes in the Senate, and Polymarket estimates the probability at less than 40%.
Counter to consensus: every single coin in the largest sovereign reserve comes from court orders of confiscation, not market purchases.
The day the Treasury's first real buy order is executed will be the day to verify the "sovereign backing" narrative—that day has not arrived yet. #Gate广场五月交易分享 $BTC