Treasury Secretary Scott Bessent began Thursday by dashing the hopes of at least some bitcoiners, saying the Strategic Bitcoin Reserve would be made up of the $15 billion to $20 billion already held by the government, but that there was no intention of making any fresh purchases.

He ended the day, however, by seemingly contradicting those remarks, saying his department is "committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve."

The fresh buys would be in addition to tokens forfeited to the government, which will be the “foundation” of the reserve, Bessent said.

U.S. President Donald Trump signed an executive order in March to create a strategic bitcoin reserve which Bessent has advocated for. Earlier this month, Bo Hines, the leader of the White Ho

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