Bessent Says No, But Maybe Later, to Fresh Bitcoin Buying

Bessent Says No, But Maybe Later, to Fresh Bitcoin Buying

Olga Kharif writes on how Treasury Secretary Scott Bessent is straddling a fine line when it comes to the US acquiring Bitcoin for its cryptocurrency strategic reserve.

Treasury Secretary Scott Bessent Says U.S. Will Buy More Bitcoin - Invest In Crypto News

Scott Bessent, the current U.S. Treasury Secretary has clarified that the Donald Trump administration is keen on implementing a strategic Bitcoin (BTC) reserve (SBR). Bessent noted via an X post that the United States will build an SBR from the $15 billion to $20 billion BTCs forfeited to the federal government. The recent remarks follow his earlier comments during an interview on Thursday with FOX Business, during which he stated that the Unite…

JUST IN - Bitcoin Dips Below $119K — Treasury Secretary's 'No Buys' Reverberate Through Markets

Bitcoin fell sharply Thursday after the US Treasury made clear it will not add to a planned Bitcoin reserve through new purchases. Prices had earlier rallied to an intraday high near $124,120, but traders saw gains reverse and the token backpedaled to around $118,550 later in the session. Markets were jittery, and parts of the crypto futures market saw forced liquidations during the sell-off. Treasury Rules Out New Buys According to reports, Tre…

Treasury Secretary Confirms the U.S. Will Not Buy Any More Bitcoin

Treasury Secretary Scott Bessent has recently confirmed that the United States government will not be purchasing additional Bitcoin.