Treasury Secretary Scott Bessent began on Thursday by beating hope from at least some Bitcoiners at least and said the strategic Bitcoin reserve would consist of the $ 15 billion to $ 20 billion that the government already had, but there was no intention of making fresh purchases.
However, he ended the day with apparently contradicting these comments and saying that his department is “obliged to explore budget neutral ways to acquire more Bitcoin to expand the reserve.”
The fresh buyer would be beyond the tokens lost to the government, which will be the “foundation” of the reserve, Bessent said.
US President Donald Trump signed an executive order in March to set up a strategic Bitcoin Reserve that Bessent has advocated. Earlier this month, Bo Hines, the head of the White House Council for advisers on digital assets – whose tasks included, among other things, included SBR – his position.
Bitcoin
Continued to trade around $ 118,000 late in the US afternoon Thursday, down sharply since he hit a new record height of $ 124,000 only hours earlier.
Most of the fall came after a much stronger than expected producer price index report, which questioned the idea that inflation is detained enough for Federal Reserve to trim interest in September.
