Bitcoin News Today: U.S. Halts Bitcoin Sales Amid $15–20 Billion Reserve Strategy Shift

The U.S. Treasury has confirmed that it holds a Bitcoin reserve valued between $15 billion and $20 billion, primarily acquired through asset seizures over recent years. Treasury Secretary Scott Bessent announced that the government will cease selling its Bitcoin holdings, marking a shift in the management strategy for the reserve. This decision reflects a long-term approach to holding Bitcoin as part of the U.S. financial strategy, positioning it alongside traditional reserve assets while avoiding open-market purchases to expand the stash [1].

Bessent emphasized that the Treasury's gold reserve policy remains unchanged, with gold continuing to serve as a store of value without plans for revaluation. This dual approach—maintaining a traditional safe-haven asset while integrating digital assets—highlights the Treasury's strategy for managing a diversified portfolio of reserves [1]. Unlike Bitcoin, gold will not be subject to changes in policy or valuation for the foreseeable future.

The announcement coincided with a significant move in Bitcoin’s price, which reached a record high of $123,360 before dropping to $119,339 amid strong selling pressure. Despite the decline, the cryptocurrency has gained nearly 909 percent over the past five years, demonstrating sustained institutional interest and market resilience [1]. The Treasury’s decision to halt sales is expected to reduce selling pressure and potentially support further price stability, assuming broader market conditions remain favorable.

The strategic shift has drawn legislative attention, with Senator Cynthia Lummis advocating for a formal framework to manage Bitcoin reserves through the proposed BITCOIN Act. The act aims to encourage strategic accumulation and reinforce U.S. financial resilience [1]. The U.S. move may also influence other nations as they evaluate the inclusion of digital assets in their reserve holdings.

By ceasing Bitcoin sales and maintaining its gold policy, the U.S. is demonstrating a balanced and forward-looking approach to asset management. This could serve as a precedent for other countries and reinforce the U.S. role in shaping the future of global reserve strategies [1].

Source: [1] U.S. Bitcoin Reserves Worth Up To $20 Billion Bessent, https://coingape.com/u-s-bitcoin-reserves-worth-up-to-20-billion-scott-bessent/