The possibility of government purchasing Bitcoin is still suggested: U.S. Treasury Secretary Yellen | CoinDesk JAPAN

GateUser-7b23e414 · 2025-08-15T02:17:04+00:00

Scott Bessent, the U.S. Treasury Secretary, indicated a commitment to explore budget-neutral methods for increasing Bitcoin holdings, despite earlier statements suggesting no new purchases. Bitcoin's price fell significantly following a record high.

GateUser-7b23e414

2025-08-15 02:17:04

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U.S. Treasury Secretary Scott Beccent stated on August 14 that the government will continue to work on increasing its holdings of Bitcoin in a budget-neutral manner, which seemed to contradict previous views.
Mr. Bessent stated earlier on the same day that the strategic Bitcoin reserves consist only of coins worth between $15 billion and $20 billion already held, and no new purchases are being considered.
Bitcoin recorded a past high of $124,000 in overnight trading, but on the 14th it had significantly dropped to $118,000.

U.S. Treasury Secretary Scott Bessen stated on August 14 that the strategic Bitcoin reserve consists of coins worth $15 billion to $20 billion (approximately ¥2.22 trillion to ¥2.96 trillion, based on an exchange rate of 148 yen to the dollar), but there is no intention to make new purchases, starting the day by shattering the expectations of at least some Bitcoin investors.

However, on the same day, Mr. Bessent expressed a view that seemed to contradict these statements, stating that the Treasury is “committed to seeking budget-neutral ways to acquire more Bitcoin in order to expand reserves.”

Mr. Bessent stated that the new purchases would be added to the tokens seized by the government, which serve as the “foundation” of the reserve.

President Donald Trump signed an executive order in March to establish a strategic Bitcoin reserve proposed by Mr. Bessent.

Earlier this month, Bo Hines, the leader of the White House Digital Asset Advisory Committee, which was tasked with strategic Bitcoin reserves, resigned from his position.

Bitcoin (BTC) continued to trade at around $118,000 late on the afternoon of the 14th in US time. This is a significant drop in less than a day since recording a previous all-time high of $124,000.

Most of this decline occurred after the report of the U.S. Producer Price Index (PPI), which exceeded expectations by a wide margin. This data raised questions about the idea that inflation is retreating enough for the Federal Reserve (FRB) to consider a rate cut in September.

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