US Government Missed $17 Billion by Selling Seized Bitcoin
- The US government sold approximately 195,000 Bitcoin for $366 million over the past decade.
- If held, these Bitcoins would be worth over $17 billion today.
- David Sacks advocates for managing Bitcoin as a strategic reserve similar to gold.
- The US Marshals Service missed a report deadline on handling 69,370 Bitcoin from the Silk Road case.
- The US government currently holds 198,109 Bitcoin valued at $17.5 billion.
The US government’s decision to sell seized Bitcoin resulted in unrealized gains of about $17 billion. David Sacks suggests a strategic reserve approach to manage such assets effectively.
Source (2.6)https://cryptobriefing.com/bitcoin-reserves-strategy-us-losses/?rand=59535
