U.S. Government Maintains 198,000 BTC Despite Rumors

The U.S. government retains approximately 198,000 BTC worth $23.5 billion across its agencies despite rumors of mass liquidation following a FOIA disclosure.

This event is crucial due to speculative trading impacts, with the BTC market remaining stable amid misinterpretations prompting widespread attention.

FOIA Disclosure Reveals U.S. Holds Nearly 200,000 BTC

A FOIA request revealed that the U.S. Marshals Service holds 28,988.356 BTC, sparking confusion. However, Arkham Intelligence confirmed the total U.S. government holdings remain at 198,000 BTC across multiple agencies.

Key agencies like the FBI, IRS, and DEA are involved, with no changes to the government’s overall Bitcoin strategy. The misunderstanding originated from a fraction of BTC documented by the USMS.

“The reported USMS holdings of 28,988.356 BTC only represent a fraction of the total Bitcoin held by the U.S. government, leading to widespread confusion.” – L0la L33tz, Independent Journalist, source

Speculation on BTC Liquidation Proven Baseless

Speculation on Twitter and forums arose, yet no market-impacting sell-offs were confirmed by on-chain data. Legislators and analysts stepped in to address misunderstandings of government-held BTC status.

Rumors led to temporary market volatility yet had no substantial impact on other cryptocurrencies like ETH or altcoins. Analysts reassure the market stability remains unaffected by these false alarms.

Historical Auctions Show Minimal Impact on BTC Prices

Historically, U.S. government auctions of seized BTC, such as those from Silk Road, involved public notifications and minimal long-term effects on BTC prices. This approach has stayed unchanged.

Based on past trends, ongoing clarity in government communications is suggested to prevent similar market disruptions. Analysts predict stable BTC retention without abrupt auction announcements.

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.