US Treasury secretary values Bitcoin reserves at $15–$20 billion
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US Treasury Secretary Scott Bessent estimates the nation’s Bitcoin reserves at $15–$20 billion and says the Trump administration will keep building them with confiscated assets.
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Treasury Secretary Scott Bessent arrives at the White House on July 16, 2025 in Washington. (AP)
US Treasury Secretary Scott Bessent said Thursday that the United States’ Bitcoin reserves are currently valued at between $15 billion and $20 billion.
“We’ve also started to get into the 21st Century, in Bitcoin strategic reserve… I believe that Bitcoin reserve, at today’s prices, is somewhere between $15 and $20 billion,” Bessent told Fox Business.
No plans to sell, policy focused on building reserves
Bessent noted that the Trump administration has no plans to buy or sell Bitcoin from the reserve. Instead, the government intends to continue expanding its holdings using assets confiscated in legal actions.
In March, Trump signed an executive order establishing a Strategic Bitcoin Reserve, drawing on Bitcoin forfeited in criminal or civil proceedings. The reserve is treated as a national asset, akin to gold or oil, and is not to be sold. Federal agencies were ordered to audit and transfer their Bitcoin holdings into this centralized reserve.
Trump’s second administration reversed previous crypto skepticism. It aimed to make the U.S. the “crypto capital of the world,” introduced an AI & Crypto Czar, held a White House Crypto Summit, and authorized forms of budget-neutral Bitcoin acquisitions, emphasizing innovation and financial sovereignty.
