Bitcoin · Iran · U.S. Treasury · Scott Bessent · Bitcoinist
Last year, President Trump signed an executive order establishing a Strategic Bitcoin Reserve
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The executive order stated that seized BTC should be used to set up this reserve, with the U.S. currently holding 328,372 BTC, according to BitcoinTreasuries data.
Key facts
- BTC has fallen to its lowest level since it topped in October 2025, dropping to around $59,000 yesterday, taking out the February low of $60,000
- At the time of writing, the Bitcoin price is trading at around $60,000, down over 5% in the last 24 hours, according to data from CoinMarketCap
- This crash for BTC has come amid the Strategy’s sale from its BTC Reserve, with the company selling 32 BTC
- However, BTC remained largely unchanged and continued its decline, falling below $70,000
Summary
Bitcoin has fallen to new lows in this bear cycle, dropping below the psychological $60,000 level. BTC has fallen to its lowest level since it topped in October 2025, dropping to around $59,000 yesterday, taking out the February low of $60,000. This marked the first time Strategy had sold BTC from its Bitcoin Reserve since 2022, when it sold for tax-loss harvesting. However, Michael Saylor has indicated that the BTC decline isn’t due to the sale from their BTC reserve but rather the flow of liquidity from crypto towards building AI infrastructure. It is worth noting that the U.S.-Iran war has receded into the background during this period, with BTC largely unaffected by recent developments.