How much Bitcoin does the US hold, and where did it come from?

How much Bitcoin does the US hold, and where did it come from?

The United States government currently has about 198,109 Bitcoin at a value of $ 17.7 billion, according to Blockchain analytics data, which was mainly built through seizures and confiscation in criminal cases.

Part of Bitcoin (BTC) will eventually form a part of the country's “strategic Bitcoin reserves”, which President Donald Trump signed his presence on March 6, which says that the reserve will retain any Bitcoin “as part of the procedures for confiscating criminal or civil assets or to satisfy any penalty of civil funds.”

This also does the federal agency insulting the amount of Bitcoin that it carries so that it can be added to the cache. While the industry is waiting for official audits, Cointelegraph has collected a schedule for some of the biggest events that made the United States in the world Elderly The holder of the nation -state of bitcoin.

69,370 BTC in November 2020: First Silk Road Nubia

The American authorities seized 69,370 Bitcoin on November 3, 2020 – the largest encryption at the time of $ 960 million – from an unlimited person penetrated the Silk Silk unlawful online road.

The infiltrator, known as “Individual X”, surrendered the money after US officials tracked stolen bitcoin coin associated with the portfolio of the portfolio that they used to interact with the Ross Ulbricht's Silk Road platform before closing it in 2013.

On December 30, 2024, the provincial court judge to reject A proposal to prevent the confiscation of 69,370 Bitcoin, which led to the Ministry of Justice surveying the sale, which is swollen at a value of $ 6.5 billion.

94,636 BTC in January 2022: BitFinex Hack

US law enforcement staff seized 94,636 Bitcoin from BitFinex Ilya Lichtenstein on January 31, 2022, after hacked their cloud storage account, which contains a file bearing about 2000 encrypted vertebral addresses and opposite special keys.

Bitcoin, which the American authorities seized about 80 % of 119,754 Bitcoin stolen by Bitfinex.

source: Scott Milker

Lesteinstein and his wife, Heather Morgan, washed the 25,111 bitcoin before successfully executed the inspection order.

Liesttenstein and Morgan were sentenced to five years and 18 months in prison, in late 2024.

Galaxy Research Head, Alex Thorn, however, male The stolen BitFinex boxes are only seized money and have not been lost.

As a result, these funds may be delivered to BitFinex.

51,351 BTC on March 2022: SECOND Silk Road Sequive

The American authorities seized the confiscation of 51,351 Bitcoin from a silk road called James Jimmy Chung – who may or not to be “individual x” – in March 2022.

Chung surrendered the money about four months after US officials found bitcoin devices on a safe underground floor and in the tin stored in the Chong Bath Tank at his home in November 2022.

The value of 51351 Bitcoin was about $ 3.38 billion at the time, making it one of the largest fiscal asset seizures in the history of the United States.

We sold some bitcoin

The United States sold 9861 Bitcoin for 215.7 million dollars on March 14, 2023, which came entirely from Bitcoin seized from Zhong.

The remaining Bitcoin was expected to be liquidated from Zhong's confiscation in four other batches throughout 2023, but that did not achieve.

Last January, the Ministry of Justice received the green light to sell 198,109 Bitcoin, which was seized by Silk Road.

However, the Biden administration did not take action before Trump was opened on January 20.

Related to: The Senate in Texas is practiced by the Bitcoin Strategic Bill

While the strategic Bitcoin strategic reserves will initially start with the confiscation of BTC, the White House said that trade and treasury ministers will explore how to buy more without any cost of American taxpayers.

The creation of Bitcoin reserves does not mean any money within it – a step by AI the White House and Crypto Czar David Sacks criticize The previous American administration for pledge.

source: David Sachs

magazine: Bitcoin payments are undermined by central stablecoins

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