This message is true, but there is a condition—it is a legislative proposal and has not yet been officially passed.
Core content of the proposal:
U.S. Representative Nick Begich (Republican-Alaska) formally introduced the "American Reserve Modernization Act" (ARMA) on May 21. The plan would authorize the Treasury Department to purchase up to 200,000 $BTC per year over five years, with the ultimate goal of accumulating 1 million BTC—about 5% of the global total supply. All reserve bitcoins would be locked up for at least 20 years and could not be sold.
$ETH
Begich told Fox Business that Bitcoin's position in the crypto market is like gold's position among precious metals. The target of 1 million coins is roughly equivalent to the proportion of gold reserves currently held by the U.S. government.
However, there is a key update:
On May 23, a new version of the ARMA bill was introduced—it no longer requires the U.S. government to buy 1 million BTC, but instead will mainly add bitcoins already held or acquired in the future through criminal and civil forfeitures into the reserve. The U.S. government currently holds about 328,000 BTC, mainly from law enforcement seizures such as the Silk Road case and the Bitfinex hack.
In plain terms: Fox's report of the "1 million coin plan" was the vision of the early proposal. The latest version has abandoned aggressive purchases and shifted to a "consolidate existing holdings" strategy. As of July 2026, the expanded holding target remains undecided.
$BNB
The message is true, but it has changed from "buy 1 million coins" to "first manage the 328,000 seized coins properly."
Core content of the proposal:
U.S. Representative Nick Begich (Republican-Alaska) formally introduced the "American Reserve Modernization Act" (ARMA) on May 21. The plan would authorize the Treasury Department to purchase up to 200,000 $BTC per year over five years, with the ultimate goal of accumulating 1 million BTC—about 5% of the global total supply. All reserve bitcoins would be locked up for at least 20 years and could not be sold.
$ETH
Begich told Fox Business that Bitcoin's position in the crypto market is like gold's position among precious metals. The target of 1 million coins is roughly equivalent to the proportion of gold reserves currently held by the U.S. government.
However, there is a key update:
On May 23, a new version of the ARMA bill was introduced—it no longer requires the U.S. government to buy 1 million BTC, but instead will mainly add bitcoins already held or acquired in the future through criminal and civil forfeitures into the reserve. The U.S. government currently holds about 328,000 BTC, mainly from law enforcement seizures such as the Silk Road case and the Bitfinex hack.
In plain terms: Fox's report of the "1 million coin plan" was the vision of the early proposal. The latest version has abandoned aggressive purchases and shifted to a "consolidate existing holdings" strategy. As of July 2026, the expanded holding target remains undecided.
$BNB
The message is true, but it has changed from "buy 1 million coins" to "first manage the 328,000 seized coins properly."
