U.S. Government Still Holds $24 Billion in Bitcoin, Despite Selling 85%

A recent report caused a stir by claiming that the U.S. government had sold off up to 85% of its Bitcoin reserves. However, the latest information confirms that the U.S. Bitcoin holdings remain unchanged, igniting vigorous debates. Despite the clarification, many are concerned about the potential impacts if the government decides to sell in the future.

Just over a week ago, rumors about the U.S. government selling off 85% of its seized Bitcoin left the crypto community and political circles in turmoil. Senator Lummis referred to this as a strategic mistake, arguing that liquidating assets would put the U.S. at a disadvantage in the global Bitcoin race.

Arkham Intelligence has dismissed the rumors, asserting that the U.S. government still holds 198,000 BTC, equivalent to $23.5 billion at current prices, rather than the previously reported $3.47 billion. This discrepancy arose from inaccurate monitoring of the portfolio allocation.

Arkham emphasized:

“The U.S. government currently owns at least 198,000 BTC ($23.5 billion), stored across multiple addresses managed by various agencies. No transactions have occurred in the past four months.”

This Bitcoin amount far exceeds the holdings of the UK government ($7 billion) and Bhutan ($1.3 billion), reinforcing the U.S.’s position among the countries with the largest Bitcoin reserves.

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