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The U.S. Department of Justice stated that as of March, it only held 29,000 BTC, significantly lower than market speculation.
On July 17, according to documents obtained by independent crypto journalist L0la L33tz through the Freedom of Information Act, the amount of Bitcoin held by the U.S. Marshals Service is much less than previously thought. The Department of Justice revealed in a response that as of March, the agency only held 28,988 Bitcoins, worth approximately $3.4 billion at current prices. This figure significantly differs from other market data sources: · Arkham Intelligence estimates that U.S. government departments collectively hold nearly $25 billion in Crypto Assets · Bitcoin Treasuries data indicates that the U.S. government should hold 198,012 BTC (approximately $25 billion). The main supporter of the strategic Bitcoin reserve, Senator Cynthia Lummis, stated on social media: “Shocking, reports indicate that the U.S. has sold over 80% of its Bitcoin reserves, leaving only about 29,000. If true, this would be a major strategic blunder, causing the U.S. to fall years behind in the Bitcoin competition.”