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 slips below $85,000 as 5% Treasury yield returns to haunt risk assets
Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed l...
Bitcoin Price Slips While US Treasury Yields Soar, Oil Prices Climb
Bitcoin Magazine Bitcoin Price Slips While US Treasury Yields Soar, Oil Prices Climb Bitcoin’s price slid on Wednesday, just as U....
Feds Probing Binance Over Iran’s Bitcoin Use: Report
Bitcoin Magazine Feds Probing Binance Over Iran’s Bitcoin Use: Report Federal prosecutors — including the U.S. Department of Justi...
Sequans exits Bitcoin treasury strategy after selling remaining 314 BTC
The France-based semiconductor company has fully unwound a Bitcoin treasury that once held more than 3,200 BTC as more firms scale...
Roundhill Magnificent Seven ETF surges amid rising Treasury yields as investors flock to Big Tech safety
Investors' shift to Big Tech amid high Treasury yields highlights a strategic pivot towards stability and growth in uncertain mark...
Only four of top 20 crypto treasury firms trade above their holdings value
The disparity in crypto treasury valuations highlights inefficiencies in the market, prompting a reevaluation of investment strate...