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The US Department of Justice stated that as of March, the agency only held 29,000 BTC, significantly below market speculation.
BlockBeats News, July 17th, according to a Cryptocurrency freelance journalist L0la L33tz, documents obtained through the Freedom of Information Act show that the amount of Bitcoin held by the U.S. Marshals Service is much lower than previously thought.
The Department of Justice revealed in its response that as of March, the agency only held 28,988 bitcoins, valued at approximately $3.4 billion at current prices. This number differs significantly from other market data sources:
· Arkham Intelligence estimates that various U.S. government agencies collectively hold nearly $25 billion in cryptocurrency assets
· Bitcoin Treasuries data shows that the U.S. government should hold 198,012 BTC (about $25 billion)
Senator Cynthia Lummis, a major proponent of a strategic Bitcoin reserve, stated on social media: "Shocking news, reportedly the U.S. has sold over 80% of its Bitcoin reserve, leaving only about 29,000 coins. If true, this would be a major strategic mistake, setting the U.S. back years in the Bitcoin race."
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