Overview

• Treasury Secretary Scott Bessent told Fox Business that the government will not purchase additional bitcoin for the Strategic Bitcoin Reserve, will rely on forfeited assets and will cease selling its existing holdings.
• Later the same day, Bessent posted on X that Treasury is committed to exploring budget-neutral pathways to acquire more bitcoin to expand the reserve.
• The reserve is built on an estimated $15–$20 billion of seized bitcoin, which serves as its foundational asset.
• Markets reacted to the policy flip by dropping from near $124,000 to about $118,000 per bitcoin, triggering hundreds of millions of dollars in crypto futures liquidations.
• Senators and advocates such as Cynthia Lummis are pressing for legislative or accounting measures—like gold revaluation and tariff revenue redirection—to fund reserve growth without increasing the federal deficit.