U.S. Treasury Secretary Scott Bessent said on Fox Business that the government would not purchase bitcoin to grow its new Strategic Bitcoin Reserve, which currently holds an estimated $15–20 billion in assets seized by law enforcement
Instead, he said the reserve would be expanded through future confiscations, ending the practice of selling such holdings.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
Later on Thursday, Bessent posted on X that Treasury remains “committed to exploring budget-neutral pathways to acquire more bitcoin.”
The reserve, established by a March executive order, aims to position the United States as a global leader in digital asset reserves, a strategy closely watched by both industry and foreign governments.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
