{"content":"U.S. Treasury Secretary Scott Bessent stated in an August 14 interview with Fox News that the federal government will not purchase Bitcoin to build its Strategic Bitcoin Reserve. Speaking with Maria Bartiromo, Bessent explained that while the U.S. aims to modernize by maintaining such a reserve, it will rely solely on Bitcoin seized through criminal and civil asset forfeiture, rather than buying it directly. “We’re not going to buy it, but we’ll keep using confiscated assets to grow the reserve — and we’re done selling them,” he said, estimating the reserve’s current value at $15–20 billion. The announcement disappointed many pro-Bitcoin advocates who had hoped for new government purchases. Bitcoin, which reached a record $124,000 earlier that day, fell to $117,000 by the time of publication. President Donald Trump, a vocal supporter of crypto-friendly policies, previously signed two executive orders on the subject. The first, in January, created a federal working group to explore building a national cryptocurrency stockpile. The second, in March, officially established the Strategic Bitcoin Reserve, funded entirely with Bitcoin already held by the Treasury from forfeiture cases — avoiding any taxpayer expense, as confirmed by White House A.I. and Crypto Czar David Sacks.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/14/03e3a7f05439f4ca7e91334058133966.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}