US lawmakers introduced a bipartisan ARMA bill on Thursday to formalize a Strategic Bitcoin Reserve and a separate digital asset stockpile under the US Treasury. The proposal would aim to acquire up to 1 million Bitcoin over five years via budget-neutral strategies and would require BTC to be held for at least 20 years unless sold to reduce the national debt, which topped $39 trillion on Wednesday.

Bitcoin options markets are focusing heavily on the $82,000 strike as the May 29 expiry approaches, with nearly $6 billion in contracts set to roll off. Positioning is skewed toward calls, a setup that could amplify volatility and, via dealer hedging dynamics, add upward momentum if spot prices move closer to $82,000.

Nakamoto is moving to a 1-for-40 reverse stock split effective May 22, 2026, after Nasdaq flagged its shares for trading under $1 for 30 consecutive sessions and set a June 8 compliance deadline. The company also disclosed it sold 284 Bitcoin on March 31 to fund operations, while reporting a Q1 net loss of $238 million amid a 20% quarterly drop in Bitcoin’s price.

Bitcoin has been trading in a tight $76,000–$78,500 consolidation zone, around 38% below its all-time high. A CryptoQuant report says miners still appear cautious, with Binance Pool Miner Reserve trending down while the Miners' Position Index stays negative, suggesting selling is ongoing but not panic-like. Bitcoin was last noted at $77,763, down almost 5% after failing to hold above $83,000 during last week's rally.

Bitcoin rebounded toward $78,000 but failed to hold the move as the Coinbase Premium Index stayed in negative territory. The metric, which compares BTC prices on Coinbase versus Binance, suggests comparatively stronger selling from U.S.-leaning Coinbase flows, with the index recently around -0.098. After the pullback, BTC was back near $77,300.

Bitcoin is still showing an intact uptrend even as sellers keep pressuring price beneath the $78,800 resistance area. After a brief dip under $78,700, the $77,000 region has emerged as the main near-term floor, with bulls defending it as a key pivot. Analysts also flag downside markers at $75,700 and $73,500 if the current support fails.

Bitcoin (BTC) briefly approached $78,000 on Thursday but failed to hold gains as traders weighed softer US growth signals and tighter-policy worries. Derivatives data showed top traders lifting long exposure and trimming shorts, reinforcing attention on a $76,000 support zone. However, ETF outflows and still-neutral funding rates suggest a quick move toward $82,000 may face resistance.

Reps. Nick Begich and Jared Golden introduced the American Reserve Modernization Act of 2026 (ARMA), which would create a U.S. Strategic Bitcoin Reserve and require it to be maintained for at least 20 years. The bill would authorize the Treasury to acquire up to 200,000 BTC per year for five years—targeting 1 million BTC—using a budget-neutral approach tied to gold revaluation and stricter custody standards.