On-chain data has confirmed that the U.S. government now controls nearly $23 billion in Bitcoin (BTC), solidifying its role as a major player in the global crypto market. According to Arkham Intelligence, the federal stockpile currently stands at 328,372 BTC, making the United States one of the largest sovereign holders of the digital asset. These significant holdings are primarily the result of large-scale law enforcement seizures accumulated over several years. The disclosure comes amid intensifying policy discussions regarding the potential establishment of a national Strategic Bitcoin Reserve. While the scale of these holdings adds state-level legitimacy to Bitcoin, it also introduces a layer of market uncertainty due to the potential for large-scale liquidations. Investors are closely monitoring federal wallet activity, as any movement of these funds could trigger significant volatility for BTC/USD and crypto-linked equities like MSTR and COIN.
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