🥰🥰Does the US government hold BTC?
🤩The answer is yes, the US government has held a large amount of BTC, in many cases related to asset seizures from illegal activities. Notable cases include:
🤩1. The Silk Road case: In 2013, the US government seized over 144,000 BTC from Ross Ulbricht, the operator of the Silk Road dark web marketplace. This BTC was later auctioned off.
🤩2. Other seizures: In recent years, the US government has seized additional BTC in cybercrime crackdown campaigns, such as the Colonial Pipeline (ransomware) case or cryptocurrency scams.
🤩3. Auctions: The US government often auctions off the seized BTC. These auctions have attracted major investors, such as Tim Draper – who purchased tens of thousands of BTC from the Silk Road auction.
🤩Based on current information, the US government does not directly use BTC as part of its strategic assets, but they often hold it temporarily before auctioning it off to convert it into cash. The amount of BTC held can change over time, depending on new seizures.
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