Nakamoto is moving to a 1-for-40 reverse stock split effective May 22, 2026, after Nasdaq flagged its shares for trading under $1 for 30 consecutive sessions and set a June 8 compliance deadline. The company also disclosed it sold 284 Bitcoin on March 31 to fund operations, while reporting a Q1 net loss of $238 million amid a 20% quarterly drop in Bitcoin’s price.

Bitcoin has been trading in a tight $76,000–$78,500 consolidation zone, around 38% below its all-time high. A CryptoQuant report says miners still appear cautious, with Binance Pool Miner Reserve trending down while the Miners' Position Index stays negative, suggesting selling is ongoing but not panic-like. Bitcoin was last noted at $77,763, down almost 5% after failing to hold above $83,000 during last week's rally.

Bitcoin rebounded toward $78,000 but failed to hold the move as the Coinbase Premium Index stayed in negative territory. The metric, which compares BTC prices on Coinbase versus Binance, suggests comparatively stronger selling from U.S.-leaning Coinbase flows, with the index recently around -0.098. After the pullback, BTC was back near $77,300.

Bitcoin is still showing an intact uptrend even as sellers keep pressuring price beneath the $78,800 resistance area. After a brief dip under $78,700, the $77,000 region has emerged as the main near-term floor, with bulls defending it as a key pivot. Analysts also flag downside markers at $75,700 and $73,500 if the current support fails.

Bitcoin (BTC) briefly approached $78,000 on Thursday but failed to hold gains as traders weighed softer US growth signals and tighter-policy worries. Derivatives data showed top traders lifting long exposure and trimming shorts, reinforcing attention on a $76,000 support zone. However, ETF outflows and still-neutral funding rates suggest a quick move toward $82,000 may face resistance.

Reps. Nick Begich and Jared Golden introduced the American Reserve Modernization Act of 2026 (ARMA), which would create a U.S. Strategic Bitcoin Reserve and require it to be maintained for at least 20 years. The bill would authorize the Treasury to acquire up to 200,000 BTC per year for five years—targeting 1 million BTC—using a budget-neutral approach tied to gold revaluation and stricter custody standards.

On Thursday, U.S. lawmakers introduced the American Reserve Modernization Act (ARMA) of 2026 to create a Treasury-run Strategic Bitcoin Reserve and a separate federal Digital Asset Stockpile for non-Bitcoin holdings. The proposal would consolidate custody of seized crypto and, citing Bitcoin Treasuries data, formalize management of 328,372 BTC valued at more than $25 billion while requiring BTC in the reserve to be held for at least 20 years.

Italian authorities say they dismantled a €1M+ ($1.1M) tax fraud scheme involving Bitcoin Ordinals and BRC-20 tokens, alleging one individual generated undeclared gains while also obtaining public subsidies they were not entitled to. Investigators say exchange KYC links and on-chain analysis let them reconstruct a full “inscription monetization cycle” and attribute multiple addresses to a single owner.