US Treasurer Bensent: Bitcoin Reserves Valued at $15-20B, Sales Cease
Treasury Secretary Bessent confirmed that the U.S. will not purchase additional Bitcoin, while President Trump’s executive order establishes a Strategic Bitcoin Reserve funded entirely through forfeited assets, ensuring no taxpayer expense.
BTC
Summary
U.S. Treasury Secretary Scott Bessent stated during a Fox News interview on August 14 that the government will forgo buying Bitcoin and will instead build its reserve solely with confiscated assets valued at $15-20 billion. Additionally, President Trump signed an executive order to establish a Strategic Bitcoin Reserve funded by forfeited assets.
Terms & Concepts
- Strategic Bitcoin Reserve: A government reserve built exclusively through confiscated Bitcoin assets, established by executive order to avoid taxpayer expense.