The US may become the largest state-owned bitcoin holder

The US Congress has registered a new bill to create a strategic bitcoin reserve. The document gathered more than 10 co-authors and received bipartisan support, a rare case for the American legislative process in the cryptocurrency industry.

The main goal of the initiative is to accumulate 1 million BTC, which is about 5% of the total supply of bitcoin. The reserve is planned to be formed in stages, in particular at the expense of digital assets already confiscated by the state.

At the same time, the US authorities announced the seizure of nearly $ 500 million worth of cryptocurrencies linked to Iran. These funds can also replenish the future reserve.

The authors of the bill openly draw a parallel between bitcoin and gold, calling the former the main tool for preserving value in the crypto market. This approach effectively establishes BTC as a digital reserve asset at the state level.

If the bill is passed, the United States will become the largest state-owned bitcoin holder in the world, which could significantly affect both the price of the asset and global crypto regulatory policy.