US EditionBitcoin News (BTC): Strategic Reserve Purchases May Still Be in Play
U.S. Treasury holds $15 billion to $20 billion in Bitcoin from seized assets and denies plans for new purchases, emphasizing regulation and financial stability risks, officials said.
- On August 14, 2025, the U.S. Treasury denied reports it was building a Bitcoin reserve after Bessent said no policy or confirmation exists from Treasury officials.
- Walking back earlier remarks, Treasury Secretary Scott Bessent said the government may still expand its Bitcoin holdings on Aug. 14.
- The U.S. government holds an estimated $20-23 billion in Bitcoin seized from criminal enterprises, including approximately 178,000 coins from Silk Road.
- During the volatile trading session, Bitcoin fell to $118,000 after touching a record high of $124,000 overnight, and Michael Saylor said “volatility is the gift to the faithful.”
- The Treasury Secretary said the administration plans to seek legislation to include digital assets alongside gold, with supporters viewing it as a way to diversify the reserve and hedge inflation.
14 Articles
14 Articles
Bitcoin Act Is Still America’s Playbook, Clarifies Senator Lummis
A morning soundbite from Treasury Secretary Scott Bessent briefly rattled Bitcoin and crypto markets on Thursday before a late-day clarification restored the policy baseline: the United States won’t be sellers, and “budget-neutral” options to grow the country’s bitcoin stockpile remain on the table. Senator Cynthia Lummis swiftly framed the endpoint. “America needs the BITCOIN Act,”... The post Bitcoin Act Is Still America’s Playbook, Clarifies …
The US finance minister said yesterday that he did not want to buy Bitcoin. Shortly after, the BTC rate fell below 118,000 US dollars. Now he corrects his statement. Source: BTC-ECHO BTC-ECHO
Bessent backtracks, says Treasury committed to ‘exploring budget-neutral pathways’ to add Bitcoin – #CryptoUpdatesGNIT
Treasury Secretary Scott Bessent confirmed the government may still expand its Bitcoin (BTC) holdings on Aug. 14, backtracking remarks made a few hours earlier. Bessent had told reporters during a television interview in the morning that the Strategic Bitcoin Reserve would remain at its current level. He said the reserve would consist of approximately $15 billion to $20 billion in Bitcoin that the government already controls, most of which was s…
Treasury Secretary Clarifies US Won't Buy Bitcoin, Will Rely on Seized Assets for Strategic Reserve
U.S. Treasury Secretary Scott Bessent clarified the Trump administration's approach to building a strategic Bitcoin reserve Thursday, stating the government will not purchase additional cryptocurrency but will continue accumulating holdings through asset seizures from criminal operations.Speaking on Fox Business, Bessent said the US has "started a Bitcoin strategic reserve" but emphasized "we're not going to be buying that." Instead, the governm…
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