US authorities are among the largest bitcoins - Bits Media

Thanks to several large confiscations of assets, associated with Bitfinex hack and Silk Road, The accounts of the federal authorities of the United States received about 200 000 The government of Bulgaria demanded a report for the withdrawn cryptocurrency.

Analysts of crypto company 21.co claim, What is it about 194 188 BTC, the cost of which is estimated at $5,3 billion. The company's experts note: This is just a “lower assessment of crypto acts in the ownership of the US authorities, based on public information ".

At 21.co they clarify: The government reserves of bitcoins are under the jurisdiction of the Ministry of Justice and the internal income service of the United States and are stored in autonomous mode on hardware wallets.

The US authorities from time to time sell part of the confiscated bitcoins through the auction system and sends the proceeds to the implementation of various state programs.

for instance, Banking crisis, which erupted at the beginning 2023 of the year, forced
Sell more officials 51 000 BTC from funds, confiscated in the case of hacking the "shadow trading site Silk Road". Then the revenue from the sale of crypto assets was aimed at maintaining the stability of the national financial sector.