US government denies Bitcoin sale rumours
The US government has not taken any steps to sell its Bitcoin holdings, contrary to rumours about a Department of Justice-approved liquidation.
Despite circulating rumours, the US government has made no moves to sell its massive Bitcoin holdings seized from the Silk Road and other cases. Blockchain intelligence firm Arkham verified that approximately $6.44 billion in Bitcoin remains under government control, dispelling reports of a Department of Justice-sanctioned liquidation.
The speculation followed claims that 69,370 BTC had been cleared for sale by federal authorities, reportedly backed by a late December court ruling. However, with President Trump’s inauguration nearing, the administration’s approach to these assets remains unclear. Trump has proposed a national Bitcoin reserve, a plan supported by Senator Cynthia Lummis and tabled in Congress.
Crypto advocates are urging Trump to prioritise Bitcoin in his early days in office, with states like Texas and Ohio already considering legislation to advance BTC adoption. As Biden’s administration enters its final days, whether the US will act on its Bitcoin stockpile remains uncertain.
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