- The United States has become one of the largest Bitcoin holders in the world.
- The country seized 200,000 Bitcoins, worth $5 billion, from cyber criminals and darknet markets.
- The seized Bitcoins will be liquidated later through the US Marshals Service.
A recent report unveiled the bitcoin holdings of the Federal Government of the United States, accounting for around $5 billion worth of BTC. According to the Wall Street Journal, three recent seizures yielding over 200,000 bitcoins have made the United States one of the largest bitcoin holders in the world.
Prominent Chinese reporter Colin Wu took to X (formerly Twitter) earlier today to reveal the United States’ acquisition of the largest cryptocurrency by market cap. The seized bitcoins were primarily traced to cyber criminals and darknet markets. They were stored in encrypted hardware wallets owned by government agencies, including the U.S. Treasury, the Internal Revenue Service (IRS), and the Justice Department.
WSJ: The U.S. government is one of the world’s largest holders of Bitcoin, with three recent seizures resulting in approximately 200,000 Bitcoins worth more than $5 billion seized from cyber…The post US Acquires 200,000 Bitcoins Through Three Seizures: Report appeared first on Coin Edition.