The U.S Seizes $2.4M in Bitcoin, May Add to Strategic Reserve

Key Points

1. The U.S. DOJ filed a civil complaint to seize 20.2 Bitcoin ($2.4 million) connected to the Chaos ransomware group, suspected to be a rebranding of Blacksuit.

2. The seized Bitcoin, confiscated by the FBI in Dallas, could be added to the U.S. Strategic Bitcoin Reserve (SBR), established by an Executive Order from President Donald Trump in March 2025.

3. The SBR aims to position the U.S. as a global crypto leader by permanently storing Bitcoin seized through civil and criminal cases, with no option to sell the assets.

4. U.S. Bitcoin holdings are estimated at 198,012 BTC ($23.54 billion), but actual reserves may be higher due to untracked assets held by agencies like the FBI, DOJ, and DEA.

5. 30 U.S. states have introduced bills to create state-level Strategic Bitcoin Reserves, with New Hampshire, Texas, and Arizona having already passed such laws.