PANews reported on February 5 that U.S. Treasury Secretary Scott Bessent stated during congressional testimony that the U.S. government would not "bail out" thePANews reported on February 5 that U.S. Treasury Secretary Scott Bessent stated during congressional testimony that the U.S. government would not "bail out" the

US Treasury Secretary Bessent stated that there would be no "bailout" of Bitcoin, and the $500 million in Bitcoin seized by the government has since appreciated to $15 billion.

2026/02/05 08:54
1 min read

PANews reported on February 5 that U.S. Treasury Secretary Scott Bessent stated during congressional testimony that the U.S. government would not "bail out" the asset by requiring private banks to purchase more Bitcoin during a market downturn. He emphasized that neither the Treasury Department nor the Financial Stability Oversight Council (FSOC) has this authority.

Bessent also revealed that the $500 million in Bitcoin acquired by the U.S. government through asset seizures has appreciated to over $15 billion. According to an executive order signed by Trump in 2025, the U.S. can only increase its strategic reserves through asset seizures or budget-neutral strategies (such as converting oil or precious metals into Bitcoin), and not through purchases on the open market.

Although this move has been criticized by some in the Bitcoin community as insufficient, Bitcoin advocates believe that the US government's purchases could encourage other countries to build their own strategic reserves, thereby affecting Bitcoin prices and market demand.

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