US Government's Bitcoin Holdings Surge; Potential Large-Scale Sales

US Govt. Bitcoin Holdings:

• The US government's Bitcoin holdings have surged to approximately $8.3 billion from the previously reported $5 billion, attributed to seizures linked to various cases between November 2020 and 2022.
• Actions taken led to the disclosure and seizure of 207,189 BTC from cases including Silk Road, hacker Jimmy Zhong, and Bitfinex breach.

Comparison with MicroStrategy:

• US govt. holding surpasses MicroStrategy's 189,150 BTC, valued at around $5.9 billion, and the company aims to acquire more.

Bitcoin Sales Overview:

• Less than 5% of seized bitcoins have been sold; officials liquidated 9,861 BTC from Silk Road in February last year generating $215 million.
• Plans to sell 41,491 BTC (valued at $1.8 billion currently) remain, with two months remaining in the set timeframe for sales.

Past US Govt. BTC Sales:

• One batch of 8,200 BTC (valued at $350 million currently) potentially sold to Coinbase in July last year remains unverified.
• US authorities would have generated $640 million from Bitcoin sales over a decade, while BTC's price multiplied 70 times during the period.

Potential Sales and Global Holdings:

• Market anticipates potential sales of more Silk Road Bitcoin by the US government, with no official timeline for Bitfinex hacker seized BTC sales.
• The US potentially holds the largest government BTC stash globally, surpassing several countries combined, including El Salvador, Ukraine, Bhutan, Venezuela, and Finland. China seized 195,000 BTC ($8.4 billion) in 2020, potentially rivaling the US if holdings remain unsold.