A wallet associated with Trump Media & Technology Group transferred 2,650 BTC to Crypto.com on May 22, a move valued at about $204.93 million. The address reportedly still holds 6,889 BTC worth roughly $532.78 million, while the company has not explained whether the deposit reflects a sale, custody shift, or liquidity arrangement.

Bitcoin’s open interest on Binance expanded by about 40% over the past 82 days, rising from $6.4 billion in early March to roughly $8.9 billion by May 22. The move pushed OI above its 180-day moving average, while funding rates turned positive, as BTC traded near $77,145 at press time. Finbold AI Agent projected BTC could fall 2.34% to $75,343 on May 29, even as a rebound above $80,000 was framed as possible if leverage-driven long demand persists.

More than a dozen bipartisan U.S. House members introduced the American Reserve Modernization Act of 2026 (ARMA) on May 21 to codify a federal Strategic Bitcoin Reserve. The proposal would require any BTC acquired for the reserve to be held for at least 20 years and would authorize the Treasury to buy up to 200,000 BTC per year for five years, aiming for 1 million BTC. It also includes audit-and-reporting requirements and a clause protecting lawful self-custody and transfers.

Lookonchain reported that Trump Media, which runs Truth Social and is majority owned by the Donald J. Trump Revocable Trust, deposited 2,650 BTC (about $205 million) to Crypto.com on May 22, 2026. The firm previously bought 11,542 BTC for $1.37 billion at an average cost of $118,522, while BTC was near $120,000, and its remaining stash was cited at roughly $455 million as BTC traded below $78,000.

About 20,500 Bitcoin options are due to expire on Friday, May 22, representing roughly $1.5 billion in notional value. The batch carries a 0.69 put/call ratio and a max-pain level near $79,000, while broader crypto market cap slipped to $2.67 trillion and BTC dipped to an intraday low of $76,750 after failing at $78,000.

Foundation, a Boston-based bitcoin hardware wallet maker, closed a $6.4 million funding round led by Fulgur Ventures to broaden its security stack into identity, multi-factor authentication, and AI agent authorization. The company also made Passport Prime generally available starting at $349 after beginning shipments to pre-order customers in March 2026. Foundation said it plans to launch a KeyOS app store for all users by the end of Q2 2026.

US lawmakers introduced a bipartisan ARMA bill on Thursday to formalize a Strategic Bitcoin Reserve and a separate digital asset stockpile under the US Treasury. The proposal would aim to acquire up to 1 million Bitcoin over five years via budget-neutral strategies and would require BTC to be held for at least 20 years unless sold to reduce the national debt, which topped $39 trillion on Wednesday.

Bitcoin options markets are focusing heavily on the $82,000 strike as the May 29 expiry approaches, with nearly $6 billion in contracts set to roll off. Positioning is skewed toward calls, a setup that could amplify volatility and, via dealer hedging dynamics, add upward momentum if spot prices move closer to $82,000.