U.S. Government Holds $20.9 Billion in Crypto, Mostly Bitcoin, as Strategic Reserves Take Shape 👀
According to Chainalysis, the U.S. government has amassed $20.9 billion in crypto assets, with Bitcoin making up $20.4 billion and other digital assets around $493 million, primarily seized from criminal activities. In March, Trump signed an executive order creating the “Strategic Bitcoin Reserve” and “U.S. Digital Asset Reserve” to formalize national crypto holdings. The U.S. Treasury partnered with Coinbase for a 5-year deal to manage these assets.
It’s wild to see the U.S. government sitting on such a massive crypto stash—$20.9 billion is no small change! Bitcoin dominating the pile makes sense since it’s the big dog in crypto. The move to create official reserves shows they’re taking crypto seriously, maybe even betting on it as a long-term asset. Partnering with Coinbase feels like a smart play for secure management, but it’s a bit ironic that assets seized from criminals are now part of a national strategy. I think this could legitimize crypto further, but it also raises questions about how they’ll use or regulate it going forward. Exciting times, though!
If you enjoy my content, feel free to follow me ❤️
