The U.S. Treasury may buy more Bitcoin for its Strategic Bitcoin Reserve

Description

U.S. Treasury Secretary Scott Bessent reversed his earlier position and said the government may buy more Bitcoin for its Strategic Bitcoin Reserve, opening the door to increasing holdings beyond seized funds. Bessent posted on X that the government will use forfeited Bitcoin as the base for the Strategic Bitcoin Reserve that President Trump created in his March Executive Order. Treasury plans budget-neutral purchases to grow Bitcoin reserve U.S. Treasury Secretary Scott Bessent announced that th...