Treasury Secretary Scott Bessent hinted at the possibility of increasing the government's Bitcoin holdings despite earlier statements that no new purchases were planned. The government's Strategic Bitcoin Reserve is currently composed of $15 billion to $20 billion in existing assets, but Bessent's later comments suggested a commitment to explore budget-neutral avenues for acquiring more Bitcoin. This follows U.S. President Donald Trump's executive order from March to establish the reserve. Bitcoin's market reaction was negative, declining from a record high of $124,000 to approximately $118,000, partly due to concerns over inflation and Federal Reserve interest rate policies. This volatile backdrop includes a significant sell-off in the broader crypto market, with notable declines in various assets, including Polygon's POL token. The situation highlights the complexity of government interactions with cryptocurrency as they navigate fiscal policy amidst market fluctuations.

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