U.S. Treasury May Expand Bitcoin Holdings for Strategic Reserve

The U.S. Treasury is revisiting its position on Bitcoin holdings, potentially expanding the Strategic Bitcoin Reserve beyond previously seized funds. Secretary of the Treasury Scott Bessent announced that the government may acquire additional Bitcoin to enhance the reserve’s size, marking a shift from the previous stance of disavowing further purchases. He revealed the Treasury intends to use forfeited Bitcoin as the basis for the reserve established in President Trump’s March Executive Order. This move follows an earlier statement where Bessent indicated a decision not to purchase more Bitcoin. 💰 📈 🏛️