US Treasury plans to expand its Bitcoin reserve using seized assets. Bessent retracts earlier comment suggesting no future Bitcoin acquisitions. U.S. halts Bitcoin sales, holding $15B–$20B in current reserves. U.S. Treasury Secretary Scott Bessent has confirmed that the department remains committed to expanding the Strategic Bitcoin Reserve established under President Donald Trump’s March executive order. The update came after earlier remarks that claimed that the Treasury would not be purchasing Bitcoin. Speaking in a statement on X, Bessent confirmed that Bitcoin forfeited to the federal government would serve as the reserve’s foundation. He added that the Treasury is still examining budget-neutral mechanisms to acquire additional Bitcoin, aligning with the administration’s aim to strengthen the United States’ position in the digital asset space. Clarification After Market Reaction The clarification followed an interview with FOX Business earlier on Thursday. Bessent was quoted as saying the Treasury would not be buying Bitcoin, but would use seized assets to build the reserve. The statement was widely interpreted as signaling the end of fut… The post U.S. Treasury Clarifies Position on Strategic Bitcoin Reserve Plans appeared first on Coin Edition .
