US Marshals Hold $3.4B in Forfeited Bitcoin
The US Marshals Service confirms it holds nearly 29K Bitcoin worth $3.4B, according to a new FOIA request.
- US Marshals hold 28,988 BTC worth $3.4B
- Data revealed via FOIA request by The Rage
- Raises questions on future government BTC auctions
Nearly 29K Bitcoin in US Government Hands
In a newly surfaced Freedom of Information Act (FOIA) request, it has been revealed that the US Marshals Service currently holds 28,988 Bitcoin, valued at approximately $3.4 billion at current prices. The disclosure, shared by investigative platform The Rage, shines a light on one of the largest government-controlled Bitcoin reserves globally.
These Bitcoin holdings were obtained through asset forfeitures linked to criminal investigations and seizures. Over the years, the US government has routinely confiscated crypto assets from illicit actors and auctioned them off—often at a fraction of today’s prices.
The Rage Sheds Light on Hidden Holdings
The Rage, known for digging into government records, obtained this data through a FOIA request—a legal channel that allows the public to access certain federal documents. The results reveal that, despite past auctions, the government continues to maintain a massive Bitcoin stockpile.
While the US Marshals haven’t publicly announced any upcoming sale, this disclosure is likely to spark speculation in the crypto community. Historically, government Bitcoin auctions have influenced short-term price moves and attracted institutional bidders such as Tim Draper, who famously acquired BTC from the Silk Road seizure.
What This Means for the Market
The presence of such a large Bitcoin reserve in government custody raises questions about potential future liquidations and their impact on the market. Some analysts believe that any sudden sell-off could put downward pressure on BTC prices, while others view it as a sign of Bitcoin’s legitimacy and growing integration with institutional frameworks.
Moreover, the government’s transparency—albeit forced through a FOIA request—highlights the importance of accountability in handling seized digital assets. With nearly $3.4 billion in Bitcoin sitting in federal hands, all eyes will be on how and when the US Marshals decide to act.
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