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U.S. government is a 'Bitcoin whale' with holdings of nearly 200k BTC
The U.S. government is now one of the largest Bitcoin (BTC) holders in the world, with on-chain data showing that they hold nearly 200,000 BTC, worth more than $5 billion at the time of writing, despite selling several thousand BTC earlier in the year. According to analysis provided by the crypto firm 21.co, the parent company of exchange-traded product provider 21Shares, the U.S. Government has seized at least 215k BTC since 2020, which clearly established them as “one of the largest BTC whales.” Notable seizures include the November 2020 Silk Road seizure of 69,369 BTC, the January 2022 Bitfinex hack seizure of ... (full story)