Bitcoin status (BTC) owned by the United States remains controversial, following recent reports that it had sold up to 85% of the portfolio. However, the new results suggest the opposite, suggesting that the government’s BTC bucket remains intact.
Although development brings clarity, it raises concerns about the possible impact of the market if the government is moving.
Arkham clarifies the US government still holds $ 24 billion in Bitcoin
A little over a week ago, reports indicated that the United States government had sold 85% of its Bitcoin holdings, including asset and / or confiscated assets. The report caused a huge effort in crypto and political circles, senator Cynthia Lummis citing a strategic error.
“I am alarmed by information according to which the United States has sold more than 80% of its Bitcoin reserves-leaving only around 29,000 pieces. If it is true, it is a total strategic error and brings back years in the United States in the Bitcoin race,” wrote Lummis in a post.
These reports, the author of which cited the revelations of the American Marshall, were closed. According to the analysis company of the Arkham Intelligence blockchain, the US government still has $ 24 billion in Bitcoin, not 3.47 billion dollars as claims.
Arkham refutes the assertions that the United States government only has 28,988 BTC, assigning previous reports to monitoring the diversification of the portfolio.
More specifically, other American ministries, including the FBI, the DOJ, the DEA and the offices of the American lawyer, hold part of the bitcoin seized.
With this, Arkham specifies that the United States government is currently holding at least 198,000 BTC, worth $ 23.5 billion at current rates.
“The United States government is currently holding at least 198,000 BTC ($ 23.5 billion) in several addresses held by various weapons of the government – none of this has moved for 4 months,” said Arkham.
This makes the Bitcoin Bitcoin of the US government much heavier than those of the British government and Bhutan, which hold $ 7 billion and $ 1.3 billion respectively.
These results provide essential clarity. However, they also revitalize concerns about the potential market impact if the US government decides to sell its bitcoin.
Previously, in the midst of information according to which the government had sold 85% of its bitcoin, analysts and investors greeted the force observed in the price of the BTC, holding land despite the sale. With new discoveries, these fears are resurfacing.
Trump’s crypto group to publish a report-will it include the Bitcoin reserve financing plan?
Meanwhile, this evolution rushed to the report of Trump Crypto Working Group, which is one of the best news from crypto this week.
The Trump crypto working group will publish its 180 -day report on July 30, marking six months since President Donald Trump trained the working group on digital assets.
The report could highlight elements such as the monitoring of stablescoin, the classification of tokens and the application reforms after The signing of the engineering law.
The working group should link everything together, probably highlighting acts of engineering and clarity, the classification of tokens, cryptographic taxation and, above all, the feasibility and financing of the Bitcoin Strategic Reserve.
Experts provide a pragmatic approach, not involving CBDC of retail in the midst of concerns of confidentiality and confidence. They could also promote stablescoins with clearer regulations and focus on international cooperation.
“These are not necessarily the United States of Bitcoin’s purchase on the free market, but rather to explore the feasibility of establishing a Federal Crypto reserve, of potentially proposing digital assets already seized in the custody,” said Monica Jasuja, head of chief expansion and innovation at Emerging Payments Association Asia, in a recent interview.
Community preference is that the working group identifies and recommends a means for the US government to build a stock of bitcoin without using new taxpayer funds.
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