Kryptodata

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Report: US Government Holds Over $5 Billion in Bitcoin, Ranking Among the Largest Hodlers

Report: US Government Holds Over $5 Billion in Bitcoin, Ranking Among the Largest Hodlers

– The US government is estimated to hold over 200,000 BTC worth more than $5 billion, making it one of the largest Bitcoin holders.

– This estimation is based on three major seizures linked to the Bitfinex hack and Silk Road, suggesting that the actual holdings could be even larger.

– The government keeps its Bitcoin stash primarily offline in encrypted storage devices known as hardware wallets.

– The US government has made significant seizures in 2022, but seized assets do not immediately belong to the government. They are only received by the U.S. Marshals Service after a court issues a definitive forfeiture judgment.

– The government has previously sold seized Bitcoin through auctions, but in recent years, it has turned to crypto exchanges for sales.

– In March 2022, the government sold 9,118 BTC on Coinbase through a public filing.

– The analysis by crypto firm 21.co provides lower-bound estimations of the US government’s Bitcoin holdings based on publicly available information.

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