Key Takeaways
- The US Treasury won’t purchase new crypto belongings for its strategic reserve.
- Present government-held Bitcoin originated from confiscated belongings and no additional gross sales are deliberate.
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US Treasury Secretary Scott Bessent stated Thursday that the federal government won’t make new purchases for its crypto reserve, opting as an alternative to depend on confiscated holdings.
Bessent indicated the federal government’s Bitcoin reserves are at present valued between $15 billion and $20 billion. He confirmed plans to halt gross sales of current Bitcoin holdings.
Bitcoin fell under $118,000 on Bessent’s remarks, based on TradingView knowledge. The crypto asset was buying and selling at $117,794 at press time.
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