ALERT FROM WASHINGTON!
The U.S. Treasury rules out buying #bitcoin for its Strategic Reserve, but will hold and accumulate seized assets
The U.S. Secretary of the Treasury, Scott Bessent, has issued a strong statement that has captured the attention of the crypto market. During an interview with Fox Business, Bessent confirmed that the government of #DonaldTrump will not actively buy Bitcoin for the Strategic Reserve, one of the key initiatives of the new administration.
Bessent was clear in stating that "we are not going to buy" Bitcoin. This statement contrasts with the expectations of some sectors, although the government had previously indicated that the acquisition of digital assets for its broader Digital Asset Reserve would be limited to seizures.
Seizures as a Source of Accumulation: Despite the decision not to buy, Bessent reiterated that the digital assets seized by the government will continue to be held and accumulated over time, rather than being sold. Currently, the reserve of #BTC of the government, obtained from seizures, is valued at an estimated figure between $15 and $20 billion dollars.
Complying with the Orders of #TRUMP : This strategy follows the spirit of Trump's executive orders, which created the Strategic Reserve of Bitcoin and the Digital Asset Reserve. Although Trump had asked his team to explore "budget-neutral" strategies to acquire Bitcoin, the Treasury has opted for a more conservative approach, relying solely on seized assets.