The U.S. government does not actively invest in cryptocurrencies as part of its financial strategy. However, it has acquired significant amounts of cryptocurrencies, particularly Bitcoin, through law enforcement seizures related to criminal activities. These seized assets are typically auctioned off by agencies like the U.S. Marshals Service. For instance, between June 2014 and November 2015, the government sold bitcoins at an average price of $379 per token.
As of June 2023, the U.S. government held more than $5 billion worth of seized Bitcoin, making it one of the largest holders globally. Despite this substantial holding, there has been reluctance to liquidate these assets promptly, possibly due to market volatility or strategic considerations.
Regarding other governments, direct investment in cryptocurrencies is uncommon. Most governments focus on regulating the cryptocurrency market rather than participating in it as investors. However, some state-level entities and public pension funds in the United States have begun exploring cryptocurrency investments. For example, in 2024, states like Wisconsin and Michigan started investing in Bitcoin exchange-traded funds (ETFs). Additionally, legislative efforts in states such as Pennsylvania aim to authorize more crypto investments by public funds.
It's important to note that while these state-level initiatives indicate a growing interest in cryptocurrency investments, they do not represent a nationwide or federal government investment strategy. Globally, most governments remain cautious, focusing on regulatory frameworks to address the challenges and risks associated with cryptocurrencies.
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