According to Glassnode data, the United States government is one of the largest Bitcoin (BTC) holders in the world, with 205,514 BTC worth $6 billion, acquired through seizures such as those connected to the 2016 Bitfinex hack and the Silk Road. The government's substantial BTC holding places it ahead of whales like MicroStrategy. The U.S. government has a history of selling off digital assets it has seized, with a memo filed in March revealing that it sold 9,861.17 BTC for $215.5 million. Many industry players have criticized the government's selling strategy, pointing out that it could have made more money by holding onto the assets.
(By Oluwapelumi Adejumo)
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