Regulation· ★★★★· neutral·

US Has Bought Zero Bitcoin for Strategic Reserve 18 Months After Trump Order

  • —The March 6, 2025 order did not authorize buying BTC with taxpayer money
  • —The reserve is made up of forfeited assets: the U.S. holds about 328,000 BTC
  • —Governments globally hold roughly 435,000 BTC combined
  • —Odds of the ARMA bill (H.R. 8957) becoming law in 2026 are just 5–6%
Why it matters: The reserve remains passive: without taxpayer-funded purchases it adds no new BTC demand, and the fate of the ARMA bill will decide whether the U.S. ever starts growing its holdings.
Source: AMBCrypto