America is still considering 'budget-neutral' ways to purchase bitcoin for strategic reserves. This was stated by U.S. Treasury Secretary Scott Bessent.

Earlier on FOX Business, he stated that the government 'will not be buying bitcoin, but will focus on using confiscated assets.' This statement caused the market to drop by $55 billion in capitalization in just 40 minutes.

Bessent emphasized that the U.S. will not sell the BTC it already has and will continue to accumulate reserves. However, since Trump signed the order to create the reserve in March, progress has been minimal. Critics believe that inaction looks like a delay in the process.$PROVE $BTC $LA