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US President Donald Trump established a US national strategic Bitcoin reserve with an executive order signed in March.
At this point, Trump stated that the US government would not sell the BTCs it held, but would look for ways to purchase new BTCs.
While nearly four months have passed since the executive order establishing the Bitcoin reserve, Arkham said that the US government's $BTC holdings have not changed for four months.
According to Arkham data, the US government has not moved its Bitcoin holdings in the last four months. Arkham noted that the 28,988 $BTC ($3.4 billion) disclosed by the USMS represents only a fraction of the government's total assets.
“Did the US Government Sell 170,000 $BTC ($20 Billion)?
No. The US Marshals Service (USMS) states in a Freedom of Information Request response that they hold 28,988 $BTC ($3.4 billion).
However, other branches of the US Government, including the FBI, DOJ, DEA, and US Attorneys' Offices, also seize and hold Bitcoin.
The US Government currently holds at least 198,000 $BTC ($23.5 billion) across multiple addresses held by different government entities; none of which have moved in 4 months.
*This is not investment advice.