Story Highlights Senator Cynthia Lummis said the country can revalue its gold reserves to buy Bitcoins. Bessent noted on Thursday that the country holds between $15B and $20B in Bitcoin. The BTC/USD pair is on the cusp of a parabolic rally fueled by a major supply vs demand shock. Scott Bessent, the current U.S. Treasury
US Treasury Secretary Scott Bessent announced on social media platform X that Bitcoins permanently transferred to the federal government will form the basis of the Strategic Bitcoin Reserve, established by President Donald Trump’s executive order in March. Bessent stated that the Treasury is committed to exploring options for acquiring more Bitcoin through budget-neutral means, aiming
Bitcoin reached a record-high price of $124,457 on Aug. 13, 2025. The stock prices of corporate Bitcoin treasury companies, however, are nowhere near their all-time highs. While the selling point of Bitcoin treasury firms is that their stocks perform better than Bitcoin, do they actually live up to that promise? Summary Bitcoin treasury companies may
The premium that investors are willing to pay for common shares of Michael Saylor’s MicroStrategy has fallen to a 17-month low. Trackers of the multiple-to-Net Asset Value or “mNAV” show MSTR trading at a basic NAV premium of just 1.4 which is its lowest since February 2024. Even MicroStrategy’s self-reported mNAV, which uses a more
The broad cryptocurrency market is experiencing an insane bloodbath as prices of leading cryptocurrencies suddenly flip negative. Amid this sharp downtrend, Bitcoin has seen an aggressive increase in sell activities on August 14, according to data shared by a CryptoQuant analyst. Per the data provided, Bitcoin’s taker sell volume across crypto exchanges has surged significantly,
On India’s Independence Day, August 15, 2025, at 12:00 a.m. local time, the Bitcoin Policy Institute of India (BPI India) announced its official launch. The think tank, which will advocate for Bitcoin as a strategic tool to help secure India’s economic future, made this announcement on India’s Independence Day to point out that national independence
After saying earlier Thursday that the United States would not purchase Bitcoin for its planned strategic reserve, Treasury Secretary Scott Bessent apparently had a change of heart, again leaving the door open for potential purchases. “Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that