US Treasury Secretary Scott Bessent Discusses Bitcoin with Mining CEO – Could the US Be Considering a BTC Sale?

Matthew Schultz, who leads the Bitcoin mining firm CleanSpark, shared that he recently dined with US Treasury Secretary Scott Bessent and Tim Scott, the head of the Senate Banking Committee.

During this gathering, Schultz mentioned they delved into significant topics related to Bitcoin and American digital asset strategies.

“Just wrapped up an intimate dinner with Secretary Bessent and Chairman Scott. Our conversation covered the Market Structure Act, economic conditions, potential candidates for Fed leadership roles, and discussions about a Strategic Bitcoin Reserve,” Schultz posted on X (previously known as Twitter).

The CEO further revealed that the United States possesses around $17 billion in Bitcoin holdings. The current strategy is not to liquidate these assets but rather to continue expanding their reserves.

Schultz highlighted that their dialogue extended beyond just cryptocurrency matters. He remarked, “What truly stands out is having a seat at this table. We talked about land usage, energy resources, sovereign AI initiatives alongside Bitcoin. The dedication of both the Treasury Secretary and Banking Committee Chairman towards our efforts was evident as they explored ways to support us.”

*This information should not be considered financial advice.