šŗšø BREAKING: Treasury Defends Trumpās Bitcoin Reserve ā $500M Seized BTC Has Grown to ~$15B
In testimony before Congress, U.S. Treasury Secretary Scott Bessent strongly defended the Strategic Bitcoin Reserve established under President Trumpās executive order. According to reports, he said:
> āThe asset seizure ā that $1 billion of Bitcoin was seized, $500 million was retainedā¦ and that $500 million has become over $15 billion.ā
š What Heās Saying
Bessentās comments confirm a key policy shift:
ā The U.S. government is keeping seized Bitcoin instead of selling it.
ā These seized assets are being added to a Strategic Bitcoin Reserve ā treated like a national store of value.
ā He argued that the growth in value of retained BTC is evidence the reserve strategy is working.
š§ Why This Is Big for Crypto
š„ Government as holder: For the first time, the U.S. is publicly defending a bitcoin reserve as strategic, not just a by-product of forfeiture.
š„ No selling: Policy now emphasizes no sales of seized Bitcoin ā a reversal from previous disposal practices.
š„ Value growth narrative: A $500M position appreciating to ~$15B reinforces BTCās long-term store-of-value case on the world stage.
This aligns with Treasury messaging that sees Bitcoin differently than during past restrictive policies.
š¤ Market Implications
ā¢ Bulls view this as institutional validation of Bitcoinās scarcity value.
ā¢ Skeptics argue seized assets and policy motives are controversial.
ā¢ Traders may interpret this as a macro catalyst supporting long-term demand.
š In Plain English
The government isnāt just holding Bitcoinā¦
Theyāre now defending holding it ā and claiming big gains from what was once lost property.
Whether you agree with the strategy or not, one thingās clear:
š This sets a new precedent for sovereign involvement in crypto reserves. $BTC
#Bitcoin #BTC #Treasury #StrategicReserve #Trump
