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

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US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion – Bitcoin News
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Uncle Sam's Crypto Stash - As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion using today’s BTC exchange rates.

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

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