Happy New Year: US government now holds more than $8B in bitcoin

Bitcoin holders have lots to be happy about in the New Year: Prices are up, a spot ETF seems all but approved, and a record number of bitcoins haven’t moved in one year. Today is even Bitcoin’s 15th birthday.

The US government should also be chuffed. Thanks to a healthy price rally, the Feds are now holding at least $8.3 billion in bitcoin — up from $5 billion less than three months ago.

Between November 2020 and 2022, authorities in three separate actions altogether disclosed seizing 207,189 bitcoin (BTC) tied to seminal dark web market Silk Road, its hacker Jimmy Zhong, as well as the hackers of crypto exchange Bitfinex. 

Read more: DOJ gets Silk Road coins worth $305M stuck in…

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