Overview
- CNBC’s Jim Cramer suggested the White House would start purchasing at $60,000, a rumor not supported by any government announcement or documentation.
- Treasury Secretary Scott Bessent told Congress he lacks authority to bail out bitcoin or direct U.S. banks to purchase cryptocurrency.
- President Trump’s executive order envisions a strategic reserve sourced from seized assets and bars the use of taxpayer funds for bitcoin purchases.
- Blockchain data from Arkham Intelligence attributes roughly 328,000 BTC to U.S.-linked wallets, with balances showing no recent accumulation.
- Backers say Congress must authorize any federal stockpile, related proposals have not advanced, and no agency has outlined a mechanism to buy on the open market.