Bessent Backtracks on Bitcoin: Treasury Committed to 'Budget-Neutral' BTC Buys
After disappointing Bitcoin fans with earlier comments, Treasury Secretary Scott Bessent said the U.S. may buy BTC for its reserve after all.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Bitcoin price has risen 84% since January 2024 while Treasury yields climbed
Bitcoin traded below $84,000 on Oct. 7 as US Treasury yields near 5.3% offered investors a competing interest-bearing alternative....
Strategy Sets October 29 Date For Its Next Major Bitcoin Treasury Update
TL;DR: Strategy will report third-quarter 2026 results after US markets close on October 29 and hold a live webinar at 5 p.m. East...
Sui’s Hashi Bitcoin Finance Network Launches With More Than $500 Million Committed
TL;DR: Hashi, Sui’s native Bitcoin finance infrastructure, will begin a phased mainnet rollout later this month with more than $50...
Avalanche Tokenized Treasury Market Reaches $545 Million After Rapid Growth
TL;DR: Tokenized US Treasury assets on Avalanche have reached roughly $545 million, according to data highlighted this week. The s...
Robinhood’s $25 billion crypto pile belongs to customers, not its treasury
Misinterpreting customer-held crypto as corporate assets can mislead market perceptions, affecting investor sentiment and perceive...
AI may be keeping Bitcoin’s biggest macro headwind alive after the Fed stops hiking
Bitcoin faces a new macro headwind from the artificial-intelligence boom as massive infrastructure spending competes for long-term...