U.S. Weighs Bitcoin Reserve Expansion as G20 Watches Closely

U.S. Treasury Secretary Scott Bessent hinted at a potential expansion of the government's Bitcoin holdings beyond seized assets, emphasizing the need for a strategy that doesn't rely on taxpayer funds.

Speaking on CNBC’s Squawk Box, Bessent confirmed that the U.S. currently holds around $17 billion in Bitcoin, primarily from criminal seizures, and stressed that halting sales of these assets is the first step toward building a broader crypto reserve.

His remarks follow President Trump’s executive order establishing a Strategic Bitcoin Reserve, a move that disappointed some investors expecting direct government purchases.

While the administration hasn’t committed to buying Bitcoin outright, Bessent indicated that officials are exploring acquisition methods such as repurposing seized assets, reallocating existing funds, or even leveraging government energy resources for Bitcoin mining.

Discussions on the matter are expected to continue at a high-level crypto summit in Washington, where officials will evaluate potential paths forward. While the U.S. is not yet actively purchasing Bitcoin, the shift in policy signals a growing recognition of its role as a strategic asset, which could influence international adoption and financial policy in the months ahead.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.