U.S. House Representatives Push Bitcoin Strategic Reserve Bill Again, Is the "National Buyer" of 1 Million BTC Coming?

Republican Congressman Begich plans to reintroduce the Bitcoin Strategic Reserve Bill (renamed ARMA) within weeks, with core objectives:

· Establish Bitcoin as a strategic reserve asset for the United States
· Enshrine President Trump's previous executive order to "permanently hold Bitcoin" into law
· The previous version included: purchasing 1 million BTC in a "budget-neutral" manner within 5 years

Although the specific provisions of the new version have not been disclosed, the direction is already clear: the U.S. government is shifting from "confiscating BTC" to "accumulating BTC."

What does this mean for the market?

1. A major change on the demand side: if 1 million BTC (about $78 billion) is bought over 5 years, it would absorb roughly $15 billion in selling pressure annually, comparable to another MicroStrategy.
2. Sentiment signal > actual purchase: whether the bill passes or not is uncertain, but once it enters formal discussion, it will reinforce the narrative of "great powers starting to grab BTC," suppressing bearish sentiment.
3. Contrasts with the dilemma faced by big whales: on one side, retail and large investors are being targeted for forced liquidation; on the other, the U.S. government is preparing to build positions at low prices—who is bottom-fishing, the retail traders or the national team?

Short-term implementation may not be immediate, but the narrative direction has shifted: BTC is moving from a "speculative asset" to a "national-level reserve asset." $BTC ‌$ETH ‌