U.S. Government Holds $14.4 Billion in Bitcoin

The U.S. government is one of the largest holders of Bitcoin, with holdings of 210,392 BTC valued at $14.4 billion. According to CryptoQuant’s Ki Young Ju, government agencies like the Department of Justice and the IRS have not sold any Bitcoin since July 2023, resulting in unrealized profits increasing by 2.4 times.

On the other hand, Arkham platform analysts report that the U.S. government’s address holds 215,245 BTC, equivalent to about $14.8 billion. This wallet also contains 50,147 Ethereum, 10.14 million USD Coin, 5.36 million Dai, and 2.27 million Tether.

Some government wallets are public, and the crypto community closely monitors them to prevent any negative impact from a large sale of coins on the global crypto market, which has a total capitalization exceeding $2.5 trillion.

In the past, the U.S. government has transferred confiscated BTC to exchanges like Coinbase and sold thousands of BTC associated with cases like the Silk Road. Recently, the government seized and transferred 15,085 BTC from the Bitfinex hack, where hacker Ilya Lichtenstein stole about $4.5 billion in 2016.

The U.S. government’s significant holdings in Bitcoin highlight its growing presence in the cryptocurrency market and its impact on the overall industry. Stay informed about the latest news and updates on cryptocurrencies by visiting Global Crypto News.