Defense Secretary Pete Hegseth told Congress that the Pentagon is running classified Bitcoin projects, framing the asset as a tool of American geopolitical power amid growing crypto activity by Russia and China.

VanEck's Head of Digital Assets Research Matthew Sigel told CNBC that bitcoin could reach $1 million within five years, citing demographic trends and the first central bank bitcoin reserve purchase as a structural mega-trend.

White House digital-assets adviser Patrick Witt told Consensus Miami that an announcement on the U.S. Strategic Bitcoin Reserve is coming within weeks, citing a U.S. Marshals hack as proof federal crypto holdings need better safeguarding.

Samson Mow argues that Strategy retaining the option to sell bitcoin gives the company strategic flexibility, after Michael Saylor hinted the firm may sell some BTC to fund dividends.

Onramp has closed a Series A round at a $135 million valuation, led by Early Riders, to expand its Multi-Institution Custody network and launch a unified bitcoin financial platform.

Strategy raised $2.03 billion through ATM stock sales between May 11 and May 17, 2026, and used the proceeds to purchase 24,869 bitcoin at an average price of $80,985, bringing its total holdings to 843,738 BTC.

SpaceX's S-1 filing with the SEC confirmed the company holds 18,712 bitcoin at a fair value of $1.29 billion as of March 31, ahead of what could be the largest IPO in history.

Congressmen Nick Begich and Jared Golden have introduced the American Reserve Modernization Act of 2026, bipartisan legislation to establish a Strategic Bitcoin Reserve within the U.S. Treasury and codify federal digital asset management policy.

Acting Texas Comptroller Kelly Hancock has appointed a five-member Strategic Bitcoin Reserve Advisory Committee and launched a search for a firm to custody the state's bitcoin holdings.

Treasury Secretary Scott Bessent urged lawmakers to pass the Clarity Act this summer while confirming the strategic bitcoin reserve is advancing at a 'deliberate speed.'