Market
Destination of US government's Bitcoin holdings by December 31, 2024
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Resolution / Starting Odds
Retained in US wallets • 25%
Transferred to exchanges • 25%
Transferred to other government wallets • 25%
Sold to private entities • 25%
Blockchain transaction records and public disclosures
Story
US Government Moves $1.92B in Bitcoin, Including Silk Road Funds; Sends 10K BTC to Coinbase
Dec 2, 2024, 05:02 PM
The US government has transferred nearly 20,000 Bitcoins, valued at approximately $1.92 billion, to new addresses, including moving 10,000 Bitcoins (worth about $963 million) to Coinbase Prime. The funds include Bitcoin seized from the Silk Road darknet marketplace. This transfer represents nearly 10% of the US government's holdings, which currently stand at around 188,309 Bitcoins, valued at over $18 billion. The large movements have raised questions about whether the government is preparing to sell a portion of its Bitcoin holdings, potentially impacting the market.
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U.S. bonds • 25%
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Federal Reserve • 25%
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