US Treasury Secretary Scott Bessent walked back a line that rattled Bitcoin markets on Thursday, saying the Treasury is still looking at ways to add to a Strategic Bitcoin Reserve without raising taxpayer costs.

He had earlier told Fox Business that “we’re not going to be buying that,” but later posted on social media that the department is “exploring budget-neutral pathways” to acquire more Bitcoin.

Bessent’s Clarification And The Reserve

According to his public remarks, the reserve will be built first from crypto forfeited to the government, and any extra purchases would be structured so they don’t increase the federal budget.

Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established

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