US Government’s Bitcoin Holdings Reach $36 Billion After Major Seizure
- The US government now holds over $36 billion in Bitcoin, primarily from criminal seizures.
- A recent Department of Justice action seized 127,271 BTC, valued at more than $14 billion, linked to Chen Zhi of Cambodia’s Prince Group.
- This seizure is part of the DOJ’s largest-ever forfeiture case involving alleged forced-labor scam compounds and global crypto fraud schemes.
- Data indicates a US government-linked wallet controls approximately 197,354 BTC, worth about $22 billion, with total holdings nearing 325,000 BTC.
The US government’s strategic management of seized Bitcoin has resulted in holdings exceeding $36 billion. Recent actions against Chen Zhi have significantly contributed to this accumulation, marking the DOJ’s largest forfeiture case involving cryptocurrency.
Source (3.2)https://cryptobriefing.com/us-government-bitcoin-holdings-37b-seizure/?rand=59535
