U.S. government transfer Bitcoin, Ethereum Stash
Arkham Intelligence data showed the U.S. government transferred $8 million worth of Bitcoin and about $2 million worth of Ethereum.
Most of this sum has been sent to a change wallet. Earlier this month, an address associated with the U.S. government transferred some Avalanche (AVAX) tokens. Court documents indicate that the last major Bitcoin sale conducted by the government occurred in March 2023, during which it sold a total of $215.5 million worth of coins seized from Silk Road hacker James Zhong.
However, Arkham recently analyzed on-chain data to estimate that the government likely sold an additional $2.24 billion worth of Bitcoin linked to Zhong between June 2023 and December 2024.
The U.S. government established a strategic Bitcoin reserve intended to hold forfeited cryptocurrencies. Additionally, it has created a separate stockpile for unspecified altcoins.
Meanwhile, social media platforms have been inundated with a shoddy fake video this week that shows Donald Trump unveiling the Bitcoin whitepaper in the Oval Office while replacing Satoshi Nakamoto’s manifesto with the Declaration of Independence.
Trump shows off a framed copy of Bitcoin: A Peer-to-Peer Electronic Cash System, in the doctored video, while Laura Ingraham, host of Fox News, watches.
The president smiles and responds, “You think Joe Biden would do this? I don’t think so.” Do you think he even recognizes it? The video has since been marked as manipulated by social media sites. Trump displayed a copy of the Declaration of Independence that he had brought into the Oval Office during a recent Fox News segment, which was cut into the video. Is it fake?
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals