US Bitcoin Holdings Revealed at 28,988 BTC, Raising Questions on Government’s Strategic Position
2025-07-17 09:03:48
Main Idea
The US government holds significantly less Bitcoin (28,988 BTC) than previously estimated, sparking political and industry backlash over its sell-off strategy and raising concerns about its position in the global crypto competition.
Key Points
1. The US Marshals Service holds approximately 28,988 BTC, far below earlier estimates of over 200,000 coins, valued at $3.43 billion.
2. The sell-off has led to criticism from political and industry leaders, including Senator Cynthia Lummis, who expressed alarm over the US losing its Bitcoin reserves.
3. The disclosure has raised questions about the US government's long-term strategy for managing seized cryptocurrency and its impact on market dynamics.
4. The absence of a coordinated US policy on Bitcoin reserves could weaken its position in the global crypto race, with comparisons to other countries like Bulgaria's past sales.
5. Some view the sell-off as reducing potential market pressure, while others warn it could harm the US's competitive stance in the crypto industry.
Description
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