Here is the precise summary regarding the news "America's withdrawal from buying Bitcoin" and its impact on the cryptocurrency market:
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Is the news true?
Yes, the news is true as of today (August 14, 2025).
U.S. Treasury Secretary Scott Bessent stated that the United States will not purchase more Bitcoin to bolster the "Strategic Bitcoin Reserve." Instead, the reserve will rely on legally seized assets, and these assets will not be sold either.
The estimated value of the reserve is between $15 to $20 billion. Some reports suggest that repayment obligations from the Bitfinex platform may reduce this value to around $12.5 billion.
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Impact of the announcement on the cryptocurrency market
Bitcoin price drop: After the announcement, the price fell from a high of around $124,480 to below $119,000, a decrease of about 3–4%.
Moral implications: It was expected that the U.S. government would enter as an active buyer, providing significant moral support for Bitcoin's price, but the withdrawal from purchase has diminished optimism regarding the adoption of Bitcoin as an investment asset by major institutions.
However, the establishment of the "Strategic Bitcoin Reserve" — even if funded solely through seized assets — is a significant step toward governmental recognition of Bitcoin as a strategically valuable asset in the long term.
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Brief summary:
Aspect Details
News True: The U.S. government will not buy new Bitcoin, except through seized assets.
Estimated value of the reserve Between $15 to $20 billion (sometimes less due to repayment obligations).
Market impact Temporary decline of Bitcoin (~3–4%), with a decrease in institutional optimism.
Deeper meaning Despite the lack of purchase, the acknowledgment of Bitcoin's neutrality as a reserve asset enhances its legal and strategic standing.
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