US Government Missed $16.634 Billion by Selling Bitcoin Early
- The US government sold approximately 195,000 Bitcoin for $366 million.
- If retained, the Bitcoin would now be valued at over $17 billion.
- The current value of US-owned Bitcoin is $17.05 billion.
- David Sacks, former PayPal COO, highlighted the financial impact of early sales.
- The U.S. Marshals Service typically auctions off seized Bitcoin.
The US government’s decision to sell its Bitcoin holdings early resulted in a missed opportunity worth an additional $16.634 billion, as noted by David Sacks. Currently, the government holds $17.05 billion in Bitcoin assets.
Source (2.6)https://dailyhodl.com/2025/03/07/us-government-bitcoin-stash-would-be-worth-an-extra-16634000000-if-the-doj-hadnt-sold-btc-david-sacks/?rand=59076
