US Government’s Bitcoin Holdings Drop to Just 28,988 BTC
The US government now holds only 28,988 BTC worth $3.4B, far less than the expected 200,000 BTC.
- US Marshals reveal current holdings at 28,988 BTC
- Total value stands at $3.4 billion
- Far below earlier estimates of 200,000 BTC
In a surprising update, the United States Marshals Service (USMS) has disclosed that the government now holds only 28,988 Bitcoin, worth approximately $3.4 billion at current market prices. This figure is significantly lower than the long-assumed estimate of around 200,000 BTC, raising questions about what happened to the rest of the assets.
For years, it was believed that the US government had quietly amassed a large stash of Bitcoin through law enforcement seizures from high-profile cases like Silk Road and other dark web investigations. Many in the crypto community thought that the US was sitting on one of the largest BTC hoards globally. However, the latest figures show otherwise.
Why the Discrepancy?
The lower-than-expected amount of Bitcoin holdings could be due to multiple asset liquidations over the years, with the US government known for auctioning off seized cryptocurrencies. Notably, large BTC auctions have taken place since 2014, with participants like venture capitalist Tim Draper famously purchasing thousands of BTC.
It’s also possible that earlier public estimates were outdated or simply incorrect. Over time, Bitcoin’s rising price may have exaggerated the perceived value of these holdings in public opinion. This new information offers a clearer view of the government’s actual BTC reserve status.
Market and Public Reactions
The revelation has stirred debate across social media and crypto circles. Many users are expressing surprise and suspicion about the whereabouts of the missing Bitcoin. Others view this as a bullish signal, suggesting that most of the supply is now back in the hands of the market rather than being held by a government entity.
Regardless of the reaction, the new disclosure by the US Marshals Service is a reminder of how transparency and timely updates play a key role in the crypto ecosystem.
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