Coinbase’s Mysterious “Big Day” Tweet Sparks Speculation Amid U.S. Bitcoin Reserve Move

Coinbase (NASDAQ: COIN) set the crypto world abuzz with a cryptic two-word tweet: "Big day." The timing is particularly intriguing, coming just after a historic executive order formally recognizing Bitcoin as a U.S. reserve asset and ahead of a major crypto summit in Washington, D.C.

The executive order, while largely symbolic, is significant—it marks the first time Bitcoin has been acknowledged as a strategic reserve. Crypto and AI czar David Sacks explained on X that the reserve will contain Bitcoin already owned by the U.S., primarily seized in law enforcement operations. This approach avoids taxpayer costs while preventing premature asset liquidations, which, according to Sacks, have cost taxpayers over $17 billion in lost value.

On-chain data estimates the U.S. currently holds around $16.4 billion in Bitcoin and $400 million in other digital assets from civil and criminal forfeitures. Under the new directive, the government will refrain from selling Bitcoin in the reserve while allowing Treasury and Commerce officials to explore budget-neutral strategies for acquiring more.

Despite this milestone, crypto markets are seeing red, as traders react to the lack of immediate Bitcoin purchases in the order. This downturn coincides with broader weakness in equities.

Coinbase, which recently secured a legal victory with the SEC dismissing its case against the exchange, may be closely involved in the unfolding developments. Whether its tweet hints at further involvement or another major announcement remains uncertain, but one thing is clear—the crypto space is watching closely.