U.S. Secretary of the Treasury Scott Bessent stated that the government will not purchase additional Bitcoin for President Trump's strategic reserve, but will continue to hold all seized Bitcoin and add more if obtained from cases. The current reserve is valued at approximately $15–20 billion. He also affirmed that gold remains held as a store of value and is unlikely to be revalued.

The strategic Bitcoin reserve was established by Trump in March 2025 based on the 198,022 BTC the government is holding, with a request to purchase more in a budget-neutral manner. However, many reporting deadlines from federal agencies have passed without results being announced.

Following Bessent's statement and the higher-than-expected PPI data for July, Bitcoin dropped over 4% to around $118,327, Ether fell over 5%, and the GMCI 30 index lost 4% within an hour.