U.S. Treasury Secretary Scott Bessent confirmed the nation’s $15–$20 billion Bitcoin reserve and a halt to gross sales. Bitcoin hit a report $123,360 earlier than retreating.
Bessent Signals Strategic Reserve Shift as U.S. Halts Bitcoin Sales, Keeps Gold Policy Unchanged
U.S. Treasury Secretary Scott Bessent has confirmed that the federal government’s Bitcoin reserves are valued between $15 billion and $20 billion. In an X publish shared by Matthew Sigel, he said as properly that U.S. will stop promoting Bitcoin, a sign that administration of those holdings goes to vary considerably.
Bessent:
Unlikely to revalue Gold holdings
Will “stop selling” Bitcoin pic.twitter.com/eLZ7Omahoz— matthew sigel, recovering CFA (@matthew_sigel) August 14, 2025
The motion implies that Bitcoin is now being thought-about as a long-term strategic asset. What Bessent stated gives a glimpse of the U.S. Bitcoin holdings which is among the many largest state-controlled reserves throughout the globe. Portions of the stash are believed to have been acquired by means of asset seizures over latest years.
Alongside the Bitcoin replace, Bessent addressed the standing of U.S. gold reserves. He stated the Treasury will retain gold as a retailer of worth however is unlikely to revalue it.
Decreased sale strain of BTC would assist favor a worth rise, relying on different circumstances out there. The statements by Bessent point out that BTC is seen as an asset complementing the standard safe-haven ones.
U.S. is signaling confidence in a diversified reserve portfolio by persevering with its “gold policy” however with a stronger emphasis on Bitcoin reserves. This would place the U.S. as a notable drive in each the gold and cryptocurrency markets.
Furthermore, the Secretary of the U.S. Treasury excluded the choice of buying Bitcoin to spice up the nation’s BTC reserve. Instead, he stated that the reserve will solely be comprised of seized BTCs.
The Bitcoin reserve place by the U.S. comes amid advocacy for formal techniques by members of Congress. For occasion, Senator Cynthia Lummis has steered the BITCOIN Act. This entails strategic accumulation to additional increase U.S. monetary resilience.
BTC Sets Record at $123,360 Before Rapid Sell-Off Cuts Gains
Before Bessent’s disclosure of the U.S. Bitcoin reserve, Bitcoin price hit a brand new all-time excessive in the present day earlier than sharply retreating. The cryptocurrency reached $123,360 within the earlier buying and selling session. The surge was short-lived as heavy promoting strain drove costs right down to $119,339.
Data from Buying and sellingView reveals Bitcoin continues to be up 27.51% year-to-date and 96.39% over the previous 12 months. Despite in the present day’s drop, the asset stays 908.89% increased than 5 years in the past. The intraday reversal wiped 3.52% off the day’s worth.
The sharp drop comes after a gradual upward worth pattern within the earlier months, which was contributed by rising curiosity from establishments and provide constraint.
Paul
Paul Adedoyin is a crypto journalist with 4+ years expertise who gives well timed information, in-depth analysis, and insightful content material to tell and empower his viewers. His works have been featured on websites corresponding to CryptoMode, CryptoNewsFlash amongst others.
He holds a level in Geophysics from OAU, Nigeria. When he isn’t writing, he loves watching soccer and studying educative journals.
He may be reached by way of [email protected]
Investment disclaimer: The content material displays the writer’s private views and present market circumstances. Please conduct your personal analysis earlier than investing in cryptocurrencies, as neither the writer nor the publication is liable for any monetary losses.
Ad Disclosure: This web site might characteristic sponsored content material and affiliate hyperlinks. All commercials are clearly labeled, and advert companions don’t have any affect over our editorial content material.
