US Treasury Secretary Scott Bessent walked again a line that rattled Bitcoin markets on Thursday, saying the Treasury remains to be methods so as to add to a Strategic Bitcoin Reserve with out elevating taxpayer prices.
He had earlier informed Fox Enterprise that “we’re not going to be shopping for that,” however later posted on social media that the division is “exploring budget-neutral pathways” to accumulate extra Bitcoin.
Bessent’s Clarification And The Reserve
In keeping with his public remarks, the reserve will probably be constructed first from crypto forfeited to the federal government, and any additional purchases can be structured so that they don’t improve the federal price range.
Bitcoin that has been lastly forfeited to the federal authorities would be the basis of the Strategic Bitcoin Reserve that President Trump established in his March Government Order.
As well as, Treasury is dedicated to exploring budget-neutral pathways to accumulate extra…
— Treasury Secretary Scott Bessent (@SecScottBessent) August 14, 2025
But merchants learn his line in a different way at first, and the market moved quick. Reviews present Bitcoin slid from about $121,100 to $118,950 in a brief span, and over $50 billion in market worth evaporated inside half an hour after the interview.
Market Strikes And Numbers
Quick-term reactions had been sharp. Costs fell and crypto commentators known as out the hole between a agency “no” on shopping for and a later “we’re exploring” stance.
The Treasury, for its half, additionally confirmed it’s going to cease promoting current Bitcoin holdings and that the reserve is valued in a spread Bessent put at between $15 billion and $20 billion.
U.S. Treasury Secretary Scott Bessent stated in an interview with Fox, “We aren’t going to be shopping for,” referring to crypto reserves, and can as an alternative use seized belongings. He has additionally said that the worth of Bitcoin reserves is about $15 billion to $20 billion, and that the…
— Wu Blockchain (@WuBlockchain) August 14, 2025
Background On The Technique
US President Donald Trump signed an government order on March 6 establishing the Strategic Bitcoin Reserve and a broader Digital Asset Stockpile, which set the coverage framework for utilizing seized crypto as a base for the reserve.
That order additionally allowed for “budget-neutral” strategies so as to add holdings, which is what Bessent referenced when he talked about alternate funding concepts like reallocations or the usage of forfeited belongings.
BTCUSD buying and selling at $119,120 on the 24-hour chart: TradingView
Who Holds What Now
There’s nonetheless confusion about how a lot Bitcoin the US authorities really controls throughout completely different businesses.
Public trackers estimate no less than 198,000 Bitcoin valued within the low-$20 billion vary are unfold throughout federal businesses, although some FOIA responses and stories have proven smaller, agency-specific totals.
If Treasury names a particular, budget-neutral funding route — or if Congress acts on payments that might clear a path — markets will seemingly take that as a transparent sign and react once more.
For now, traders and coverage watchers are left parsing wording. Exploration with no agency plan retains uncertainty excessive, and in crypto that may imply fast value swings.
On the time of writing, Bitcoin was trading at $118,872, down 2.4% within the final 24 hours, knowledge from CoinMarketCap reveals.
Featured picture from Drive, chart from TradingView
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