Treasury creates Bitcoin reserve from DOJ civil forfeiture assets

Treasury Secretary Scott Bessent announced operational details of the Strategic Bitcoin Reserve, confirming the government would hold seized Bitcoin indefinitely as a sovereign wealth instrument rather than converting it to dollars. Bessent outlined a framework allowing Treasury to acquire additional Bitcoin through budget-neutral means, including exchanges of other forfeited assets. The reserve structure positioned the U.S. as the first G7 nation to hold cryptocurrency as an official sovereign reserve asset.