PANews February 5 News, U.S. Treasury Secretary Scott Bessent testified before Congress that the U.S. government will not “rescue” the asset by requiring private banks to buy more Bitcoin during market downturns. He emphasized that neither the Treasury Department nor the Financial Stability Oversight Council (FSOC) has such authority.
Bessent also revealed that the $500 million worth of Bitcoin seized through asset confiscation has appreciated to over $15 billion. According to an executive order signed by Trump in 2025, the U.S. can only increase its strategic reserves through asset confiscation or budget-neutral strategies (such as converting oil or precious metals into Bitcoin), rather than through open market purchases.
Although this move has been criticized by some in the Bitcoin community as insufficient, Bitcoin advocates believe that the U.S. government’s purchasing actions could encourage other countries to establish their own strategic reserves, thereby impacting Bitcoin prices and market demand.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CleanSpark Sells 553 BTC for $36.6M in February as Miners Dump Bitcoin
Bitcoin (CRYPTO: BTC) miners faced a dual dynamic in February: cash-flow optimization through asset sales alongside aggressive capacity expansion to support AI-enabled data-center workloads. CleanSpark reported selling 553 BTC from its February production for roughly $36.6 million while mining 568 B
CryptoBreaking57m ago
Ripple Expands Institutional Trading With Coinbase Derivatives BTC, ETH, SOL, and XRP Futures
Ripple added Coinbase BTC, ETH, XRP and SOL futures to Ripple Prime, its platform that cleared more than $3 trillion in 2025.
Trades are processed through Nodal Clear, giving institutions 24/7 access to CFTC-regulated crypto futures in the U.S.
Ripple has added Coinbase Derivatives’
CryptoNewsFlash2h ago
Bitcoin Slips to $68,000 as Middle East Conflict and US Jobs Data Trigger Sell-Off
Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures.
Wiping out the ‘War Gains’
Bitcoin’s midweek resilience
Coinpedia3h ago
