⚡ The US government is one of the largest holders of BTC
posted 16 Oct 2023
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.
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.
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