In line with the most recent information, in 2023 March 25 The US authorities at present holds 205,515 bitcoins, value $5.6 billion. USD, or 1.06% of circulating reserves.
These bitcoins had been seized in three high-profile circumstances, together with the Silk Street bitcoin seizure in 2020. November, Bitfinex hack confiscation in 2022 and the seizure of James Zhong’s bitcoins final yr.
Amongst them in 2022 in November, 69,369 bitcoins had been seized from Private X, 94,643 bitcoins from Ilya Lichtenstein and his spouse Heather Morgan, and 51,326 bitcoins from Zhong.
In line with Glassnode 2023 March 9 in keeping with the report, a few of these bitcoins had been transferred, bringing the full down from 215,338 to 205,515. This means that the US authorities could have began liquidating a few of its Bitcoin holdings, however it has not been confirmed if that is so.
Bitcoin reserves held by the US authorities have drawn consideration from each the cryptocurrency trade and conventional finance. Whereas some see this as a optimistic signal that bitcoin utilization is mainstream, others have expressed issues about potential authorities management over the cryptocurrency market.
Specialists say that bitcoin held by the US authorities might be used for numerous functions, corresponding to financing authorities tasks or paying off money owed. Nonetheless, the dearth of transparency surrounding the federal government’s administration of bitcoin has raised questions in regards to the potential dangers and advantages of the transfer.
Whatever the authorities’s intentions, information of its Bitcoin stockpile underscores the rising significance of cryptocurrencies in at the moment’s monetary atmosphere and the necessity for regulatory readability and oversight within the crypto house.
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