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Treasury Secretary Scott Bessent hints at future US Bitcoin reserve acquisition plans

Federal government considers expanding Bitcoin holdings without taxpayer funds; official discussions underway in Washington.

CryptoSlate

Mar 7

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Happy Friday!

The U.S. government’s Bitcoin ambitions are making waves as Treasury Secretary Scott Bessent teases plans to expand reserves without taxpayer funding, while President Trump signs a Bitcoin reserve order but holds off on immediate accumulation, leaving markets on edge. Texas takes bold action with a Senate bill allowing public fund investments in Bitcoin, and Solana co-founder Anatoly Yakovenko pushes back against claims of lobbying for inclusion in U.S. reserves, warning against government overreach. For a deeper look at these and other key developments, read on.

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The global crypto market cap is $2.9 trillion, with a 24-hour volume of $131.64 billion. The price of Bitcoin is $88,636.72, and BTC market dominance is 60.5%. The price of Ethereum is $2,192.71, and ETH market dominance is 9.1%. The best-performing sector is Adult, which gained 31%. The Crypto Fear & Greed Index is currently Extreme Fear (34).