The United States has 85 % of bitcoin, which is believed: freedom of information star-news.press/wp

In March, the FOIA Law applied a new light on the Bitcoin Holdings Law under the control of the USMS. According to the documents obtained by the independent journalist L0la L33Tz, the agency currently owns 28,988.35643016 BTC, as it places about $ 1.6 billion based on the evaluation stipulated in the disclosure. However, the USMS numbers seem to be based on the BTC price of $ 56,000 per currency, while the market is currently trading near $ 119,000 – more than twice this estimate.

Only 28,988 left bitcoin?

L33TZ, from Published The results confirmed on X, that the disclosure came directly from USMS in response to the request of the official information freedom law. She wrote: “In March, we submitted the FOIA request to obtain the Bitcoin amount maintained by the American Marshal service. Today, we publish a USMS answer on our FOIA request, as well as the Bitcoin menu that you keep, which total 28,988.35643016 BTC”. The request was dated on March 24, and the response was received on July 16.

Revelation quickly led to controversy throughout society. The prominent industry characters interacted with a mixture of surprise and criticism, noting that the holdings are much lower than many. Senator Cinema Lomes, a long -time lawyer in Congress, expressed his warning: “I was concerned about reports that the United States has sold more than 80 % of its bitcoin reserves – which led to nearly 29,000 coins. If this is true, this is a complete strategic error and the United States puts the backs of the bitcoin race.”

David Billy, CEO of Bitcoin, who previously offered $ 10,000 to any journalist who can confirm BTC’s government holdings, praised the journalistic precedent and confirmed the payment to L33TZ after checking the documents. “It seems that we may know the number of bitcoin now keeps by the United States government, and it is approximately 85 % less than thought. He explains the reason for a long time.

L33TZ used the opportunity to clarify the main discrimination often misunderstood in public discourse: the difference between the seized assets and the assets lost. “Usms is mainly responsible for the assets that have been photographed, which means the assets that have been made to the government. The menu that you received from USMS is a list of all BTC kept by USMS, as DB requested. USMS can be responsible for the seized assets, but it can also be held through pre -feeding, such as the American Football Association, which makes it for other nutrition.

These differences are crucial because many market monitors relied on the platforms of analyzes on the series such as Arkham or databases such as bitcoin bonds to estimate US government’s possessions. However, L33Tz noted that these sources are likely to exaggerate the actual bitcoin owned by the government because they follow the seized assets, not those that were officially lost and available for liquidation. “For geniuses who linked the Gov Arkham wallet tracking: BTC does not seem to have made government ownership – at least not exclusive – which means that they cannot sell it. For example, Arkham 94k BTC has not been determined by Bitinex penetration, but in the case of BitFinex it has not been determined at least,” I wrote. “

Detecting freedom of information also sheds light on the operational process. Historically, historically the origins of digital assets and liquidate them through public auctions, a practice dating back to the first days of BTC when the agency sold coins from the Silk Road attacks. “The American Marshal service works to liquidate assets in public auctions, so unless they announce a sale, this list should be accurate.” This indicates that the current holdings represent the coins that auction auction instead of active strategic reserves.

The results also sparked speculation about potential secret sales by the Biden administration during the transfer period. “The great work by Lola, who, if true, doubts that the Biden official was selling OTC secretly during the transition. Note: Fahmy is the total BTC in having USG much larger than this but its current origin and classification.”

Others, like Alex Thorn from Galaxy Digital, to caution Against the assumption that the FOIA response takes the full picture of the federal BTC holdings. “This is a wonderful journalistic work from L0LA, but I want to point out that the US Assets confiscation section in the United States is not very likely to be the only agency that owns Bitcoin on behalf of the United States government, both for confiscation of assets in general or in the light of SBR,” Thorne pointed to continuous discussions on the potential Bitcoin reserves.

Besides the numbers, the effects of listing the broader market are important. The assumption that the United States government held nearly 200,000 BTC has long perceptions in the form of tremendous hideouts for the start of the strategic Bitcoin under Trump’s administration. If the FOIA response, as it indicates that the liquid bitcoin stocks in the government is a small part of these estimates, the perceived overlap may be much lower than the merchants believe. Vijay Boywabi briefly seized these feelings: “Unbelievable. The United States government has kept Bitcoin less than the individual who has just thrown 40,000 BTC in the past few days. The idea of strategic bitcoin reserves is laughing when individuals have Bitcoin more than the American government.”

At the time of the press, BTC was traded at $ 118,279.

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