Treasury Secretary Bessent Says Buybacks Can Exceed $4B: Bullish for Bitcoin?

U.S. Treasury Secretary Scott Bessent told CNBC on Thursday that the government's bond buyback program could grow.

He noted that there is every indication that the buybacks could exceed the $4 billion per operation ceiling it set just a day earlier, a signal that helped drive Bitcoin (BTC) toward its highest level since June.

Bessent Leaves the Door Open on Size

Treasury doubled its buyback cap for longer-dated debt from $2 billion to at least $4 billion per operation on Wednesday, targeting securities maturing in 10 to 30 years starting September 9.

Speaking a day later, Bessent made clear that figure was a floor, not a ceiling.

"I would note that it could be more than the 4 billion per issue."

Bessent declined to attach a specific number, saying the eventual size will depend on market conditions. He framed the move as an effort to restore trading depth in a market he called thinly traded, pointing to heavy corporate bond issuance and what he described as poor liquidity in the 30-year sector.

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