Comprehensive Analysis of the U.S. Government’s Bitcoin Holdings
Our editorial team, comprised of leading industry specialists and experienced editors, is dedicated to producing reliable content. In this article, we explore recent developments in the U.S. government’s cryptocurrency strategy, focusing on Bitcoin reserves. This report is based on verified data and expert opinions, ensuring accuracy and depth.
Senator Lummis Raises Concerns Over Bitcoin Reserves
Recently, Senator Cynthia Lummis expressed significant concern following a Freedom of Information Act (FOIA) disclosure. The revelation indicated that the U.S. Marshals Service (USMS) currently holds only 28,988 Bitcoin (BTC). The senator cautioned that selling more than 80% of the government’s Bitcoin reserve could be a “strategic misstep.” This steep decline from approximately 198,012 BTC earlier this year has fueled speculation about a potential massive sell-off.
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Understanding Bitcoin Custody and Management
The FOIA response clarified the role of the USMS in managing seized and forfeited cryptocurrencies, including Bitcoin. The 29,000 BTC reported are those formally transferred to the agency for auction. Despite public concern, the federal government, according to Arkham Intelligence and wallet trackers, still holds close to 198,012 BTC, valued approximately at $23.50 billion. These holdings are dispersed across various government agencies and have not been sold, as confirmed by on-chain data.
On-Chain Data Insights
On-chain analytics indicate that the federal Bitcoin inventory has remained steady throughout the year. The initial count of 198,012 BTC stems from criminal and civil seizures. Once these are legally forfeited, they transition into the custody of the USMS. This distinction clarifies why discrepancies exist between reports, with one citing 29,000 BTC while another suggests nearly 200,000 BTC.
Presidential Directives on Cryptocurrency Reserves
Earlier this year, President Donald Trump issued an executive order mandating that forfeited Bitcoin be retained in a strategic reserve. Additionally, the Commerce and Treasury departments were tasked with exploring methods to augment this reserve without imposing financial burdens on taxpayers.
Diversified Cryptocurrency Portfolio
The U.S. government’s digital asset portfolio extends beyond Bitcoin. It includes 347 million USDT stablecoins, 59,951 ETH valued at approximately $202 million, 750 wBTC worth nearly $89 million, and 40,293 BNB totaling around $29 million. Collectively, these holdings bring the government’s cryptocurrency assets to an estimated market value of $24.25 billion.
Journalist “Lola L33tz” initiated the FOIA request to clarify the situation. She emphasized that the presence of 29,000 BTC in USMS records does not necessarily indicate a sale, as seized assets under the FBI or other agencies remain outside USMS jurisdiction until court forfeitures are finalized.
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