#BTC The U.S. Strategic Bitcoin Reserve Act has not disclosed any Holdings or further purchase plans since its passage on March 6, and state-level Bitcoin bills have also faced frequent setbacks. In the past three months, gold has risen by 16%, while Bitcoin has fallen by 5%, and the S&P 500 index has pulled back by 6.5%, challenging Bitcoin's positioning as an uncorrelated asset. The global trade war has increased the appeal of fixed-income assets and cash. On May 5, Strategy, led by Michael Saylor, announced the purchase of 1,895 Bitcoins and doubled its capital increase plan to $84 billion, but doubts about its financing capabilities remain.

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