US Marshals Report Holding 28,988 BTC, Challenging Third-Party Crypto Estimates
2025-07-20 18:00:52
Main Idea
The U.S. Marshals Service (USMS) disclosed holding 28,988 BTC, significantly less than the previously estimated 200,000 BTC, raising concerns about missing government reserves, but further clarification revealed the discrepancy is due to the distinction between surrendered assets and other holdings.
Key Points
1. The USMS disclosed holding 28,988 BTC, valued at approximately $3.45 billion, which is only 15% of the previously estimated 200,000 BTC U.S. government Bitcoin reserves.
2. The discrepancy led to concerns that the government may have sold about 85% of its Bitcoin holdings, as noted by Wyoming Senator Cynthia Lummis.
3. Independent journalist L0la L33tz clarified that the 28,988 BTC figure refers only to surrendered assets, while the remaining 170,000 BTC are still held but not yet processed for sale.
4. Blockchain analytics firm Arkham Intelligence data shows the U.S. government controls approximately 198,000 BTC, valued at over $23 billion.
5. L33tz pointed out that tracking platforms often overstate holdings, citing the 94,000 BTC linked to the Bitfinex hack as an example of unprocessed assets.
Description
According to a recent disclosure, the U.S. Marshals Service (USMS) has 28,988 BTC in its possession. This is a notable drop from previous estimates, which suggested that the country held nearly 200,000 BTC. Concerns Over Missing Government Reserves The declaration followed a Freedom of Information Act (FOIA) request submitted on March 24 by independent journalist L0la L33tz. A letter dated July 15 from the Office of General Counsel confirmed that the released records originated from the Asset Fo...
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