US lawmakers have renewed efforts to legally establish a strategic Bitcoin reserve for the country. A new bipartisan bill introduced on Thursday aims to acquire approximately 1 million Bitcoin over five years. The American Reserve Modernization Act (ARMA) of 2026 proposes the creation of a Strategic Bitcoin (BTC) Reserve and Digital Asset Fund managed by the US Department of the Treasury. This is reported by Cointelegraph.com reports .
Supported by 16 members of Congress, the ARMA bill builds upon the BITCOIN Act introduced in July 2024 and updated in March 2025. Patrick Witt, a representative of the President's Council of Advisors on Digital Assets, called this bill "version 2.0" of the BITCOIN Act and noted that the White House is carefully examining the legal aspects of a Bitcoin reserve.
Currently, while the US is the world's largest state holder with 328,372 Bitcoin, there has been no unified federal policy for managing these assets until now. Under the ARMA bill, acquired Bitcoin assets must be held for at least 20 years. Early sale of these assets may only be permitted for the purpose of reducing the US national debt, which has exceeded $39 trillion.
Mike Carey, one of the bill's sponsors, stated that as the importance of digital assets grows, this initiative will strengthen America's long-term economic position and keep it competitive on the global stage. Additionally, the ARMA framework plans for quarterly reports and independent audits of Bitcoin reserves to be published.
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