U.S. Will Only Acquire Bitcoin Through Seizure, Not Purchases

The U.S. government has confirmed it will not be purchasing Bitcoin but is continuing its development of a crypto reserve, according to former Treasury Secretary Scott Bessent. In an interview on Fox Business, Bessent stated that the only way for more Bitcoin to enter federal hands is through confiscation from others. He emphasized the existing Bitcoin strategic reserve and clarified that this means no further purchases will be made.