U.S. Treasury Secretary Scott Bessent announced a landmark policy shift on Thursday, revealing the government will cease selling its Bitcoin holdings amid growing recognition of cryptocurrency's strategic value. The decision follows confirmation that federal Bitcoin reserves now total between $15 billion and $20 billion.
Speaking at a Washington briefing, Bessent framed the move as a response to evolving financial realities: "Our approach must adapt as digital assets demonstrate increasing stability and institutional adoption." The announcement sent immediate ripples through Asian markets, where Bitcoin-related stocks saw afternoon rallies in Tokyo and Singapore.
Analysts suggest the policy reversal reflects deeper economic calculations. "This isn't just about preserving assets – it signals U.S. acknowledgment of crypto's role in modern finance," said Dr. Lin Wei, a fintech researcher at the National University of Singapore. The Treasury's stockpile reportedly accumulated through various enforcement actions and voluntary transfers since 2020.
For investors, the freeze on government sales removes a major source of market uncertainty. "Regular Treasury auctions created predictable price pressures," noted Hong Kong-based crypto trader Marcus Tan. "This could stabilize valuations long-term."
While the Treasury clarified it retains authority for future sales under "extraordinary circumstances," the decision aligns with broader central bank discussions about digital asset integration. Observers now await potential ripple effects across Asia's cryptocurrency hubs, from Seoul's blockchain startups to Mumbai's digital payment networks.
