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

▲ US, Bitcoin (BTC)/AI generated image

As the US government's moves to officially designate its held Bitcoin as a national strategic asset become concrete, the virtual asset market is emerging as a key variable in the reorganization of the global financial order.

Scott Melker, host of The Daily Wolf, stated in an episode on April 28 (local time) 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 hold Bitcoin included on the government's balance sheet for the long term has been completed, and a major announcement is likely to come soon. The US government is currently estimated to hold approximately 328,372 BTC, with an asset value of about $25 billion.

However, the US cryptocurrency market structure bill, which would serve as an institutional foundation, is at risk of being derailed amid congressional scheduling pressure. Senator Loomis plans to prepare an amendment 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 make the regulatory environment even more unfavorable. The fact that over 100 virtual asset companies have urged the Senate to process the bill shows 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 to innovate 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 the mainstream.

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 comparable to the pace of Strategy's Bitcoin accumulation. Lee views Ethereum as an asset that can retain its value even in extreme situations and has set a goal of acquiring 5% of the total supply.

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

*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.*