US on the verge of declaring Bitcoin a national asset... 320,000 BTC to be locked up

▲ US, Bitcoin (BTC)/AI generated image

As the US government's move to officially designate the Bitcoin it holds as a national strategic asset materializes, the virtual asset market is emerging as a key variable in the reshaping of the global financial order.

Scott Melker, host of The Daily Wolf, stated in his April 28th (local time) episode that the Trump administration has entered the implementation phase for a strategic reserve of Bitcoin (BTC). He reported that the legal interpretation work to protect and long-term hold Bitcoin included on the government's balance sheet has been completed, and a major announcement is highly likely to come soon. The US government is currently estimated to hold approximately 328,372 BTC, with an asset value of about 25 billion dollars.

However, the US crypto market structure bill, which would serve as an institutional foundation, is at risk of being derailed amidst congressional scheduling pressures. Senator Loomis plans to prepare amendments by May 11, but the remaining time is limited. Melker warned that given the political environment ahead of the midterm elections, missing this opportunity could lead to an even more unfavorable regulatory environment. The fact that over 100 virtual asset companies urged the Senate to pass the bill demonstrates the urgent atmosphere in the industry.

Traditional financial companies are also responding to the changes. Western Union is exploring the introduction of Solana (SOL)-based stablecoins, embarking on innovation in the remittance market. Melker assessed that stablecoins could fundamentally change the cost and speed issues of existing remittance systems. The participation of key figures such as Eric Trump in the Bitcoin 2026 event also supports the trend of virtual assets being integrated into mainstream institutions.

In the Ethereum (ETH) market, institutional investors' buying momentum is prominent. Tom Lee recently acquired an additional approximately 101,901 ETH, actively expanding his position. This is considered a similar pace to Strategy's Bitcoin accumulation. Lee views Ethereum as an asset that can maintain value even in extreme situations and has set a goal of securing 5% of its total supply.

The virtual asset market is entering a new phase, driven by two main axes: the official designation of strategic assets and the establishment of regulations. The US government's stance on restricting sales combined with the inflow of institutional funds is strengthening downward support. Investors are closely monitoring policy changes and legislative progress, adjusting their market response strategies accordingly.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*