U.S. Treasury Secretary Scott Bescent said he was still looking for ways to add it to the strategic Bitcoin reserve without raising taxpayer costs.
He previously told Fox Business that “we’re not going to buy it,” but later posted on social media that the division is “exploring budget-neutral pathways” to get more Bitcoin.
Bessent Clarification and Reserve
According to his official duties, the reserves will be constructed from the codes that were first confiscated by the government, and additional purchases will be configured to not increase the federal budget.
Bitcoin, which was eventually confiscated by the federal government, forms the foundation of the strategic Bitcoin sanctuary established by President Trump in his March executive order.
Furthermore, the Treasury is working to explore budget-neutral pathways to get more…
– Treasury Secretary Scott Bescent (@secscottbessent) August 14, 2025
However, the trader initially read his lines differently, and the market moved rapidly. According to the report, Bitcoin has evaporated its market value of around $121,100 to $118,950 in a short period, and over $50 billion within 30 minutes of the interview.
Market movements and numbers
The short-term response was sharp. Prices fell, and crypto commentators called the gap between the company “no” at the time of purchase and the later “we are exploring” stance.
The Treasury confirmed it would be halting sales of existing Bitcoin stocks, and confirmed that the reserves are valued at bescents ranging from $15 billion to $20 billion.
In an interview with Fox, U.S. Treasury Secretary Scott Bescent said, “We’re not going to buy,” referring to cryptographic preparations and instead uses seized assets. He also said that Bitcoin reserves are worth around $15 billion to $20 billion, and…
– WU Blockchain (@wublockchain) August 14, 2025
Strategy background
US President Donald Trump signed an executive order on March 6th to establish a strategic Bitcoin reserve and a wider digital asset stockpile.
The order also allowed a “budget-neutral” method of adding possessions. This was mentioned when referring to alternative financing ideas such as real locations and the use of confiscated assets.
BTCUSD trading at $119,120 on the 24-hour chart: TradingView
What do you have now?
There is still a confusion about the bitcoin that the US government actually manages in various institutions.
Public trackers estimate that at least 198,000 bitcoins, valued at a range of at least $20 billion, are spreading to federal agencies, but some FOIA responses and reports show smaller institution-specific totals.
If the Treasury name a certain budget-neutral funding route, or if Congress acts on a bill that clears the pass, the market could take it as a clear signal and respond again.
For now, investors and policy watchers are analyzing the wording. Exploration without a solid plan can keep uncertainty high and cryptographically means quick price fluctuations.
At the time of writing, Bitcoin was trading at $118,872, a 2.4% drop in the last 24 hours, CoinmarketCap data shows.
Special images from the drive, TradingView chart
