On-chain data shows that wallets associated with the U.S. government hold nearly 200,000 BTC worth $5.5 billion, representing nearly 1% of the total Bitcoin supply.
- The U.S. government is now one of the largest Bitcoin holders in the world, with on-chain data showing that they hold nearly 200,000 BTC, worth more than $5 billion at the time of writing, despite selling several thousand BTC earlier in the year.
Notable seizures include the November 2020 Silk Road seizure of 69,369 BTC, the January 2022 Bitfinex hack seizure of 94,643 BTC, and the March 2022 James Zhong seizure of 51,326 BTC. Following that sale, on-chain data shows that the government still holds approximately 194,188 BTC – nearly 1% of the circulating supply – estimated to be worth $5.5 billion at the time of writing, with Bitcoin trading near $28,350.21.co noted that “this is a lower-bound estimation of the US government holdings based on publicly available information.”
Under U.S. law, seized assets do not automatically become government property. The courts must first issue a definitive forfeiture judgment, at which point the U.S. Marshals Service, which is the principal agency in charge of selling seized property, can receive possession of the seized assets.
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