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U.S. Holds Record Bitcoin Reserves: Up to $20 Billion and Halts Sales
U.S. Treasury Secretary Scott Bessent has confirmed that the U.S. government holds $15–20 billion worth of Bitcoin and that sales have been immediately halted. This move marks a major strategic shift — Bitcoin is now officially treated as a long-term state asset, similar to gold, whose policy remains unchanged. Bessent stated that most BTC was obtained through seizures during investigations and that the United States has no plans to purchase coins on the open market. Their approach will be solely to hold the coins they already possess.
🔹 Bitcoin as a Strategic State Reserve The U.S.’s Bitcoin holdings rank among the largest in the world for any government, and this move could further strengthen their influence on the global crypto market. Halting sales means reduced price pressure from state liquidations, potentially creating room for further growth. According to Bessent, Bitcoin complements gold’s role as a store of value, and together they will form a diversified U.S. reserve portfolio.
🔹 Political Context and Legislation This stance comes as some members of Congress push for official frameworks for managing BTC. Senator Cynthia Lummis has already introduced a bill allowing for strategic Bitcoin accumulation to strengthen U.S. financial resilience.
🔹 Price Euphoria and Quick Drop Shortly before Bessent’s announcement, Bitcoin’s price surged to a new all-time high of $123,360. However, the rally was short-lived — a sharp sell-off brought the value down to $119,339, marking a daily drop of 3.52%. Still, Bitcoin is up 27.51% year-to-date and 96.39% over the past 12 months. Over the past five years, its price has risen by more than 900%.
💡 What Does This Mean for the Market?
If the U.S. truly stops selling Bitcoin, it could significantly affect supply dynamics and boost bullish sentiment. Combined with growing institutional interest, this could be a catalyst for new price records.
#BTC , #bitcoin , #CryptoNews , #blockchain , #DigitalAssets
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