Bessent Backtracks on Bitcoin: Treasury Committed to ‘Budget-Neutral’ BTC Buys

After saying earlier Thursday that the United States would not purchase Bitcoin for its planned strategic reserve, Treasury Secretary Scott Bessent apparently had a change of heart, again leaving the door open for potential purchases.

“Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order,” he wrote on X. “In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world.'”

Bessent said on Fox Business earlier Thursday that “we’re not going to be buying that,” in reference to Bitcoin for a strategic U.S. reserve. The comments contradicted previous statements from officials in the Trump administration.

Editor’s note: This story is breaking and will be updated with additional details.