Summary
The U.S. government has accumulated over $12 billion in Bitcoin from seizing assets from criminal enterprises. The value of their holdings has increased significantly as Bitcoin’s price has risen, resulting in a $7 billion profit without actively trading. The government holds about 1% of all Bitcoin in circulation and has sold off portions of its holdings in the past. It is unclear if they are strategically selling off at opportune moments to maximize value.
Key Points
1. The U.S. government currently holds over 194,000 Bitcoin, worth approximately $12 billion, seized from criminal enterprises over the past decade.
2. Despite the frosty relationship between the American government and cryptocurrency, the U.S. holds about 1% of all BTC in circulation, making it one of the largest BTC bag holders globally.
3. The U.S. government has sold small portions of its Bitcoin holdings in the past, and it remains unclear whether officials are strategically maximizing the value of the stash through sales at opportune moments.