Wallet connected to US government moves $600 million in Bitcoin

Data shows that the US government still holds around $12 billion worth of Bitcoin.

Key Takeaways

10,000 BTC worth around $600 million has been moved from a government-linked wallet. The wallet involved is associated with assets seized from the Silk Road. <?xml encoding="UTF-8"?>

A wallet connected to the US government transferred over 10,000 Bitcoin (BTC) in the last few minutes, according to data from Arkham Intelligence. This is the address that received over 10,000 BTC from the US government-labeled wallet two weeks ago.

Source: Arkham Intelligence

The US authorities currently hold over 203,200 BTC, making it the largest national holder of Bitcoin globally. This substantial amount is valued at around $12 billion based on current market prices.

The majority of Bitcoin holdings have come from law enforcement actions, including the Silk Road seizure. The government seized approximately 174,000 BTC from the notorious dark web marketplace.

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