U.S. Treasury Halts Bitcoin Purchases for Strategic Reserve

The U.S. Treasury Department has decided to halt purchases of additional Bitcoin for its strategic reserve, opting instead to utilize confiscated Bitcoin assets. This decision, confirmed by Treasury Secretary Scott Bessent, has caused a significant decline in Bitcoin price. 15-20 billion USD in Bitcoin is currently held as part of the treasury’s reserves and this decision will significantly impact market sentiment and pricing. 15-20 Billion USD in Bitcoin are currently held as part of the treasury’s reserve. The Treasury department has committed to using confiscated assets exclusively for building its strategic reserve, aligning with an executive order issued in March 2025. Financial analysts are closely observing potential shifts in strategy and their impact on cryptocurrency markets, with broader implications potentially extending to Bitcoin, Ethereum, and other tokens.