holds approximately $24.7 billion in Bitcoin, U.S. House committee advances bill to make Strategic Bitcoin Reserve permanent

Odaily reported: Bitcoin News posted on X platform that the U.S. House Financial Services Committee on September 16 advanced the "American Reserve Modernization Act of 2026" by a vote of 28 in favor and 21 against, aiming to enshrine the Strategic Bitcoin Reserve established by Trump through executive order into federal law, and requiring that Bitcoin seized by the government be held for at least 20 years.

The bill also proposes requiring public proof of reserves, acceptance of independent audits, and studying the possibility of increasing Bitcoin holdings without raising taxes, government borrowing, or increasing the federal deficit; the bill still needs to pass the full House and the Senate. Arkham Intelligence estimates that the U.S. government holds approximately 324,500 Bitcoin, worth about $24.7 billion, but the specific scale has not yet been confirmed by unified government disclosure.