The US government is one of the largest holders of BTC
According to a recent study by 21.co, the US government holds more than 194,000 BTC, valued at over $5 billion, making it one of the largest Bitcoin owners.
On this page
According to a recent study by 21.co, the US government holds more than 194,000 BTC, valued at over $5 billion, making it one of the largest Bitcoin owners.
It's essential to understand that these are not acquired Bitcoins; they are confiscated ones. These confiscations are related to high-profile cases, notably the Silk Road investigation and the Bitfinex cryptocurrency exchange breach.
Confiscated assets do not immediately become government property; they are held until a court makes a decision regarding their forfeiture. However, the available Bitcoins are only sporadically sold, and typically in relatively small quantities.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
