US Government Still Controls Massive Bitcoin Stash

by Ouess

Contrary to recent rumors, blockchain analytics firm Arkham Intelligence confirms the US government still holds approximately 198,000 BTC – worth about $24 billion at current prices. This clarification comes after widespread speculation about a potential 85% sell-off of government Bitcoin reserves.

How the Rumors Started

The confusion began when a Freedom of Information Act (FOIA) request revealed the US Marshals Service held only about 29,000 BTC. Many interpreted this as evidence of a massive government sell-off, but Arkham’s report provides crucial context:

  • The FOIA data didn’t include holdings from other agencies
  • FBI, DOJ, DEA, and US Attorney’s Offices all hold significant amounts
  • Total government holdings remain among the world’s largest

Putting the $24B Holding in Perspective

The US government’s Bitcoin position:

  • Largest national holder globally (UK has $7B, Bhutan $1.3B)
  • Represents 0.065% of US national debt ($37 trillion)
  • While small relative to debt, shows institutional recognition of Bitcoin

Why This Matters for Crypto Markets

Though the sell-off rumors proved false, they raised important questions:

  • What happens if the US actually liquidates these holdings?
  • Could such a move destabilize markets?
  • Does this signal long-term government acceptance of crypto?

Arkham’s clarification provides much-needed transparency, but the episode highlights how government Bitcoin moves could significantly impact crypto markets in the future.

You may also like

Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Social Media Auto Publish Powered By : XYZScripts.com
Skip to content