The US government holds about $18.50 billion worth of Bitcoin, which it may sell entirely ahead of Donald Trump’s presidency.
The US Department of Justice (DOJ) is poised to auction off $6.5 billion worth of Bitcoin (BTC) seized from Silk Road. The decision follows a Dec. 30 court ruling, concluding a protracted legal battle over ownership of this BTC.
As of Jan. 9, the US government was holding 198,000 BTC, worth around $18.5 billion, according to data resource Arkham Intelligence. The $6.5 billion is part of the same reserves.
US government’s Bitcoin balance history. Source: Arkham Intelligence
