The Secretary of the United States Treasury, Scott Besent, said the government does not plan to buy Bitcoin (BTC) for the strategic reserve promoted by President Donald Trump.
In an interview this Thursday, Besent stressed that the government will keep the seized bitcoin and will not sell the assets already insured. He added that future seizures could increase the reservation, although he ruled out making direct purchases in the market.
«We are not going to buy. We will use seized assets and continue accumulating. We are going to stop selling it, ”said the official.
Besides, estimated That the current holdings of the country, mainly from judicial seizures, have a value of between 15,000 and 20,000 million dollars. This is a little less than what is estimated in the community.
According to Arkham Intelligence firm, The United States government account with 198,022 BTCalthough no federal agency has officially confirmed this figure. Such an amount is equivalent to more than 23,000 million dollars, according to the current price of Bitcoin at $ 117,000.
Bitcoin’s strategic reserve was established in March by Trump’s executive order. This measure joined the creation of a presidential working group on digital assets, responsible for designing a federal regulatory framework and evaluating the formation of a National Reserve of Digital Assets.
Although the initial plan, at least as promised by Bo Hines – the work group – was to design strategies to acquire more bitcoin without generating additional costs to taxpayers, the truth is that it is that there was never a clear proposal to achieve this. This, added to the recent exit From White Houses, it reinforces the perception that the Government will limit the growth of the reserve to judicial seizures.
Besent was also consulted on the possibility of revaluing the 261.5 million ounces of gold that the country owns, officially valued at about 11,000 million dollars according to the price set in 1973, although its current market value would be around 750,000 million. The official said he does not foresee a revaluation, but reiterated that Gold will continue to be an important value shelter.
After their statements and the dissemination of inflation data superior to the expected, the cryptocurrency market recorded falls. As Cryptonotics reported, the price of Bitcoin, which had reached a new historical maximum hours before exceeding $ 124,000, retreated more than 4%.
