The U.S. Treasury now holds between $15 and $20 billion in Bitcoin, acquired primarily through asset seizures over recent years.
Treasury Secretary Scott Bessent confirmed the halt of Bitcoin sales while keeping gold reserves policy unchanged for long-term stability.
Bitcoin hit an all-time high of $123,360 before retreating to $119,339, remaining nearly 909 percent higher than five years ago.
U.S. Treasury Secretary Scott Bessent has confirmed that the nation holds between $15 billion and $20 billion worth of Bitcoin. The holdings, primarily obtained through asset seizures, place the United States among the largest state-controlled Bitcoin reserves worldwide.
According to Bessent, the Treasury will stop selling off its Bitcoin, which it will be used in changing the strategy of managing the reserves. This step means that the U.S. is currently seeing the longer-term asset potential of Bitcoin in its reserve holdings. The suspension of sales would be able to defuse selling pressure in the market that might influence the price trend under overall conditions.
Gold Reserve Policy Maintained
Alongside the Bitcoin announcement, Bessent confirmed that the U.S. gold policy will remain unchanged. Gold will continue to be held as a store of value, with no plans for revaluation. The dual stance reflects a strategy of maintaining traditional safe-haven assets while integrating digital assets into the reserve framework.
Bessent ruled out purchasing Bitcoin on the open market to expand the reserve. Instead, future additions to the holdings will come solely from seized assets. This approach aligns with current Treasury practices and avoids direct market intervention.
Legislative Interest in Bitcoin Reserves
The policy update comes as some lawmakers advocate for formal frameworks to manage Bitcoin reserves. Senator Cynthia Lummis has proposed the BITCOIN Act, which encourages strategic accumulation to enhance U.S. financial resilience.
Before the announcement, Bitcoin reached a record high of $123,360 in early trading. The price quickly reversed to $119,339 amid strong selling pressure, marking a 3.52 percent drop for the day. Data from TradingView shows Bitcoin is up 27.51 percent year-to-date, 96.39 percent over the past year, and nearly 909 percent over the past five years.
The latest rally can be seen as an extension of months of consistent gains led by the growing interest by institutions and the limited supply. The decision by the Treasury to stop selling Bitcoins may also have a greater precedent in the coming months as the U.S. demonstrates its efforts towards a diversified reserves portfolio.
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