U.S. Marshals Report Holding 28,988 Bitcoin Amid Uncertainty Over Full Government BTC Reserves

Key Points

1. The U.S. Marshals Service (USMS) holds approximately 28,988 Bitcoin, valued at around $3.4 billion, which contrasts with prior estimates of nearly 200,000 BTC under federal control.

2. The discrepancy emerged from a Freedom of Information Act (FOIA) request, highlighting potential gaps in government asset management.

3. Some of the government’s Bitcoin may be held by private custodians like Coinbase and Anchorage Digital, explaining the lower USMS figure.

4. Concerns exist about the integrity of asset tracking methods, such as the use of Excel spreadsheets for Bitcoin custody records.

5. The limited holdings undermine the U.S. strategic financial position, with calls for improved transparency and coordinated federal crypto strategy.