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The United States government is currently the largest geopolitical holder of Bitcoin, with 203,000 BTC under the control of the US.
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The United States government shifted roughly 10,000 Bitcoin (BTC) to a wallet address ending the letters “noe” on Aug. 14, 2024, at 15:38:31 UTC, according to data from Arkham Intelligence.
According to the onchain analytics firm, the funds were seized during the Silk Road raid and are currently valued at $593.91 million.
This marks the latest high-profile transfer of the United States government’s Bitcoin holdings, with the previous transfer of 29,800 Bitcoin, valued at nearly $2 billion, sent from US government wallets to an unknown address on July 29, 2024.
The US government currently holds roughly 203,000 BTC valued at approximately $12 billion at the time of this writing.
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This article first appeared at Cointelegraph.com News
