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The new U.S. strategic Bitcoin reserve bill removes the goal of purchasing "1 million BTC," and those holding BTC plan to lock it for 20 years.

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Gold Financial reports that on May 23, the U.S. House of Representatives introduced a new bipartisan bill, the "American Reserve Modernization Act of 2026" (ARMA), which proposes to include Bitcoin held by the U.S. government into the strategic reserve, with a minimum lock-up period of 20 years. Unlike the previously proposed BITCOIN Act, the new bill no longer requires the U.S. government to purchase 1 million BTC, but mainly aims to incorporate Bitcoin already held or to be acquired in the future through criminal and civil forfeiture methods.
At the same time, the bill will establish an independent digital asset inventory to manage non-Bitcoin crypto assets held by the federal government. According to the draft, Bitcoin entering the strategic reserve must not be sold, exchanged, auctioned, mortgaged, or otherwise disposed of within 20 years. After the lock-up period ends, the Treasury Secretary may recommend selling up to 10% of the reserve assets within any two-year period. The bill also requires the government to publicly disclose reserve proof quarterly and conduct third-party audits of Bitcoin holdings. Supporters believe that the U.S. should not sell strategic digital assets but hold them long-term as part of a modernized national reserve system.
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