US Government's Bitcoin Holdings Surpass $8.3 Billion, Mostly Seized from Silk Road and Other Cases
MicroStrategy currently holds the largest amount of crypto assets among corporate players, but the US government has an even larger stash of seized Bitcoins. The government's Bitcoin holdings have surged to at least $8.3 billion, up from $5 billion just three months ago, due to seizures from various cases including Silk Road and Bitfinex. Less than 5% of the seized Bitcoins have been sold to date, with the market anticipating the possibility of more Silk Road Bitcoin being liquidated by the US government in the coming months. The US potentially holds the world's largest government Bitcoin stash, surpassing other countries such as El Salvador, Ukraine, Bhutan, Venezuela, and Finland combined.
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