Tag - silk road
13Apr

US government tops global Bitcoin holdings with $15b in assets

The U.S. government is the largest Bitcoin holder among nations worldwide, with approximately $14.7 billion worth of BTC. According to Arkham data, the U.S. government currently holds 212,847 BTC in its treasury wallets, just behind MicroStrategy, which owns 214,246 BTC, which is currently valued at $14.8 billion. Apart from Bitcoin, the U.S. has collected significant quantities of other digital currencies, including Ethereum (ETH)...

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03Apr

US government transfers Silk Road’s 30k Bitcoins to Coinbase

The U.S. government wallet has moved Bitcoins previously confiscated from a well-known darknet platform. According to Blockchair, a wallet belonging to the U.S. government transferred Silk Road’s 30,175 Bitcoins (BTC) to cryptocurrency exchange Coinbase on April 2. Source: Blockchair At the current price of BTC at around $65,000, the cost of the transfer is approximately $2 billion. Blockchain sleuth ZachXBT noted...

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21Mar

CryptoQuant: US government holds 210k Bitcoins with $14.4b unrealized profit

The U.S. government’s holdings of 210,392 BTC worth $14.4 billion make the country one of the largest holders of the coin. The head of CryptoQuant, Ki Young Ju, noted that the U.S. Department of Justice, the Internal Revenue Service, and other departments have not sold a single Bitcoin (BTC) since July 2023. The government’s unrealized profits...

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