It’s not just degens and Wall Street tycoons benefiting from Bitcoin’s latest bull run—thanks to the token’s ongoing rally, the U.S. government is now sitting on a $12 billion BTC fortune.

In the last decade, the U.S. has seized tens of thousands of Bitcoin from several criminal enterprises, most notably the dark web marketplace Silk Road and the hackers who stole billions of dollars worth of digital assets from crypto exchange Bitfinex in 2016. 

As of writing, the American government possesses over 194,000 Bitcoin, according to on-chain wallet data compiled by asset management firm 21.co on Dune. 

That sum has appreciated significantly since Bitcoin’s price began climbing in the fall. In September, the U.S. government’s Bitcoin holdings were worth some $5 billion. At writing, thanks to the token’s phenomenal comeback, that same quantity of BTC is now worth $12.09 billion.

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Author: Sander Lutz

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