š° The assessed value of Bitcoin (BTC) held by the U.S. government has surged from $5 billion to approximately $8.3 billion due to recent BTC price increases. The government revealed that it confiscated 207,189 BTC from the Silk Road dark web market since November 2020. In February, it sold 9,861 BTC on Coinbase at an average price of $21,800, making a profit of $15 million, despite selling at half the current price. If the government had held onto all confiscated BTC without selling, it would now be valued at around $17.4 billion (approximately 400,000 BTC). šµš #Bitcoin #USGovernment #CryptoValue