US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion – Bitcoin News

As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020.

Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million were sent to a Coinbase address.The U.S. government currently holds 205,515 bitcoins valued at $5.66 billion based on today’s exchange rates. The bitcoins were confiscated in three cases, including the Silk Road bitcoin

It looks like the U.S. government is getting wise to the potential of crypto investments!

Yeah, that'd be right. USA filth

They are HoDLing it like how they HODL gold.

they're HODLING too ! 😋

They probably have given it to Ukraine 🤷‍♂️

Big question is ...how come they have Not auctioned / sold it ?!!

sell some. we are waiting.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin and Inflation: It’s Complicated | Event | Consensus 2023 | CoinDeskContrary to the early “digital gold” narrative, bitcoin until very recently has traded more like a tech stock, sliding when U.S. consumer prices jump and gaining when they moderate. But a long-term view, and alternative measures of inflation, produce a different perspective. Can the original cryptocurrency still serve as a hedge, and what will it take for BTC to decouple in a sustained way? [Additional speakers to be announced] Thanks a millon galaxyhq intangiblecoins Why does he look angry? The market will rebound. Tell him he's so much prettier when he smiles. hehehe galaxyhq intangiblecoins Imagine, you want to see something new,something magical, Then you should take some time and check this project. OxSyntrum OxSyntrum nft web3 cryptocurrency gamefi DeFi blockchain dApps website:
Source: CoinDesk - 🏆 291. / 63 Read more »