- The United States authorities are holding over 210,000 BTC.
- They have not sold bitcoins since July 2023.
- In February, the government transferred 15,085 BTC seized after the cryptocurrency exchange Bitfinex was hacked.
According to CryptoQuant analysts, the United States government holds 210,392 BTC worth $14.42 billion, making it one of the largest holders of bitcoins.
Fun Fact: US gov holds 210,392 $BTC, with a 2.4x unrealized profit, and hasn’t sold any #Bitcoin since July 2023.
- Ki Young Ju (@ki_young_ju) March 15, 2024
Experts reported that the U.S. Department of Justice, the IRS and other agencies have not sold a single bitcoin since July 2023. The government’s unrealized profits increased 2.4 times.
Note, earlier analysts of the Arkham platform discovered an address that allegedly belongs to the US authorities. It holds 215,245 BTC, which is about $14.68 billion at the time of writing.
In addition to bitcoins, this wallet stores 50,147 ETH, 10.14 million USDC, 5.36 million DAI and 2.27 million USDT.
Recall, in March 2023, the US transferred to Coinbase bitcoins confiscated from the Silk Road hacker. In April, the government sold another 9,861 BTC.
In January 2024, government officials announced their intention to sell some of the cryptocurrency associated with the darknet site case. The statement mentioned assets totaling 2,934 BTC.
According to the latest data, in February, the US government transferred another 15,085 BTC, which were seized after the hacking of the Bitfinex cryptocurrency exchange.
We also previously reported that Arkham Intelligence experts discovered an address linked to the UK government. A total of 61,245 BTC is stored on it.
