Treasury Rules Out New Bitcoin Acquisitions for Strategic Reserve

The Fed’s announcement came a day after US Treasury Secretary Scott Bessent said the government will not purchase new Bitcoin $BTC $117 196 for its planned strategic reserve.

Speaking in a Fox News interview, Bessent confirmed the reserve will be built solely from confiscated Bitcoin assets, currently valued between $15 billion and $20 billion. He also reaffirmed plans to halt future sales of these holdings.

Bessent framed the decision as part of a broader “store of value” strategy, noting that while gold holdings won’t be revalued, #Bitcoin is being positioned as a modern complement to US reserves.

Following the remarks, #Bitcoin prices briefly tumbled as low as $116,856 on Friday, before stabilizing near $117,500, according to CoinMarketCap data. With the US Fed now relaxing regulatory restrictions on banks, the rapid wave of corporate $BTC adoption is expected to accelerate as the second half of August 2025 unfolds.