The U.S. government owns a lot of Bitcoin — but how much, exactly?
That’s a question that’s difficult to answer, because the government doesn’t disclose how much Bitcoin it owns. However, there are some clues that can give us an idea.
First, we know that the U.
government has seized a lot of Bitcoin over the years. For example, in 2013, the FBI shut down the Silk Road marketplace and seized 144,000 Bitcoin (worth about $28 million at the time).
More recently, in November 2020, the U.
Department of Justice announced that it had seized more than $1 billion worth of Bitcoin from an online marketplace called Silk Road 3.0.
So we know that the government has seized at least 144,000 Bitcoin, and probably more than that. But it’s not clear if the government is holding onto all of those Bitcoin or if it has sold some of them.
Second, we know that the U. government has invested in Bitcoin indirectly through its investment in a company called Xapo. Xapo is a Bitcoin storage and security company, and the U.
S. government has invested $15 million in it through a venture capital fund called In-Q-Tel.
So we know that the U.
government has at least some indirect exposure to Bitcoin through its investment in Xapo. But again, it’s not clear how much Bitcoin the government actually owns through this investment.
In conclusion, it’s difficult to say exactly how much Bitcoin the U.
government owns because the government doesn’t disclose this information publicly. However, we do know that the government has seized a significant amount of Bitcoin over the years and also has indirect exposure to Bitcoin through its investment in Xapo.