US Government's Rank as Top Bitcoin Holders, Holding over 200,000 Bitcoin

The US government holds bitcoins worth $5 billion.The Wall Street Journal says this makes the US one of the biggest bitcoin owners, thanks to three big seizures totaling over 200,000 bitcoins.

Chinese reporter Colin Wu shared this news on X (like Twitter). The US got most of these bitcoins from cyber criminals and online hidden markets. These bitcoins are kept safe in special devices by US departments like the U.S. Treasury, IRS, and the Justice Department.

Even though the US has these bitcoins, they don't truly own them yet. They must wait for a legal decision that says these bitcoins belong to them. Once that happens, the U.S. Marshals Service can sell these bitcoins because they handle items taken by the government.

People wonder what the US thinks about bitcoin rules. The US is trying to make clear rules about using bitcoin and other cryptos. They use special checks, like KYC and AML, to make sure people use bitcoin in the right way.

With the US tracking and taking illegal bitcoins, many people are watching to see how this affects the price and use of bitcoin.