US EditionBitcoin Falls After Treasury Secretary Rules Out Buying It for Strategic Reserve
11 Articles
11 Articles
Bitcoin dives under $120,000 following Scott Bessent's statements. What should be expected from the market in the next few days? The Bitcoin article falls after Scott Bessent's announcements appeared first on Cointribune.
Scott Bessent confirms that the United States will not buy bitcoin for Trump's desired strategic reserve, contenting with seized BTCs, estimated at between $15 and $20 billion. The decree of March 6, 2025 centralizes approximately 198,000 confiscated BTCs and creates a separate stock for other cryptoactives, without additional public funding. Bessent's comments, combined with a 3.3% increase in PPI, caused a sharp decline in the crypto market, w…
US Treasury Sec says no BTC buys for Strategic Bitcoin Reserve
US Treasury Secretary Scott Bessent confirmed a disappointing quantity of US government bitcoin (BTC) holdings this morning, putting the number at “$15 to $20 billion” — some way short of prior estimates exceeding $23 billion. He also said the US government is probably not going to purchase more BTC for its Strategic Bitcoin Reserve (SBR), dashing hopes of millions of investors. Bessent dropped the bombshell in response to a question from Fox TV…
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