As of March 25, 2023, the #U.S. government held 205,515 #bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics.

The cache of #bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 #bitcoins worth roughly $269 million were sent to a Coinbase address.

The #U.S. government currently holds 205,515 #bitcoins valued at $5.66 #billion based on today’s exchange rates.

The #bitcoins were confiscated in three cases, including the Silk Road bitcoin seizure in November 2020, the 2022 #Bitfinex hack confiscation, and the seizure of #bitcoins from James Zhong last year.

According to a report from Glassnode on March 9, 2023, some of these #bitcoins have moved, reducing the total from 215,338 to 205,515 #BTC. 

#Approximately [40,000 #bitcoins] from wallets associated with U.S. Government law enforcement seizures are on the move,” Glassnode reported. “The majority of these appear to be internal transfers (so far).

The current estimate of 205,515 #bitcoins (BTC) comes from a Dune Analytics set of metrics created by 21Shares, an #exchange-traded product provider.

 Additionally, the #U.S. government may possess more #bitcoins than what is tallied up in 21Shares’ data set. 

On that basis, the #Supreme #Court finds that the relinquishment of the #Bitcoins received constituted revenue in [their] non-commercial #business. Sales therefore trigger tax liability.”

“The #Supreme #Court finds that the received #Bitcoins must be considered assets acquired with a view to later turnover as an integrated part of [the first party]’s business with the #development and operation of software for Bitcoins,” said the ruling. 

As of March 25, 2023, the #U.S. government held 205,515 #bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics.

The cache of #bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 #bitcoins worth roughly $269 million were sent to a Coinbase address.

The #U.S. government currently holds 205,515 #bitcoins valued at $5.66 #billion based on today’s exchange rates.

The #bitcoins were confiscated in three cases, including the Silk Road bitcoin seizure in November 2020, the 2022 #Bitfinex hack confiscation, and the seizure of #bitcoins from James Zhong last year.

According to a report from Glassnode on March 9, 2023, some of these #bitcoins have moved, reducing the total from 215,338 to 205,515 #BTC. 

#Approximately [40,000 #bitcoins] from wallets associated with U.S. Government law enforcement seizures are on the move,” Glassnode reported. “The majority of these appear to be internal transfers (so far).

The current estimate of 205,515 #bitcoins (BTC) comes from a Dune Analytics set of metrics created by 21Shares, an #exchange-traded product provider.

 Additionally, the #U.S. government may possess more #bitcoins than what is tallied up in 21Shares’ data set. 

If the price of #BTC remains the same when the reward halves to 3.125 #bitcoins, the block reward would be valued at $88,500 per block.

After the next halving, the block reward will be reduced by 50%, and the current #block subsidy of 6.25 #bitcoins will drop to 3.125 #bitcoins per block post-halving.

#bitcoins were confiscated in three cases, including the Silk Road bitcoin seizure in November 2020, the 2022 Bitfinex hack #confiscation, and the seizure of bitcoins from James Zhong last year

The cache of #bitcoins is a result of three forfeitures that began in 2020. #Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million were sent to a Coinbase address.

As of March 25, 2023, the #U.S. government held 205,515 #bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics.

The cache of #bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 #bitcoins worth roughly $269 million were sent to a Coinbase address.

The #U.S. government currently holds 205,515 #bitcoins valued at $5.66 #billion based on today’s exchange rates.

The #bitcoins were confiscated in three cases, including the Silk Road bitcoin seizure in November 2020, the 2022 #Bitfinex hack confiscation, and the seizure of #bitcoins from James Zhong last year.

According to a report from Glassnode on March 9, 2023, some of these #bitcoins have moved, reducing the total from 215,338 to 205,515 #BTC. 

#Approximately [40,000 #bitcoins] from wallets associated with U.S. Government law enforcement seizures are on the move,” Glassnode reported. “The majority of these appear to be internal transfers (so far).

The current estimate of 205,515 #bitcoins (BTC) comes from a Dune Analytics set of metrics created by 21Shares, an #exchange-traded product provider.

 Additionally, the #U.S. government may possess more #bitcoins than what is tallied up in 21Shares’ data set. 

The cache of #bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 #bitcoins worth roughly $269 million were sent to a Coinbase address.

The #U.S. government currently holds 205,515 #bitcoins valued at $5.66 #billion based on today’s exchange rates.

According to a report from Glassnode on March 9, 2023, some of these #bitcoins have moved, reducing the total from 215,338 to 205,515 #BTC. 

#Approximately [40,000 #bitcoins] from wallets associated with U.S. Government law enforcement seizures are on the move,” Glassnode reported. “The majority of these appear to be internal transfers (so far).

The current estimate of 205,515 #bitcoins (BTC) comes from a Dune Analytics set of metrics created by 21Shares, an #exchange-traded product provider.

 Additionally, the #U.S. government may possess more #bitcoins than what is tallied up in 21Shares’ data set. 

As of March 25, 2023, the #U.S. government held 205,515 #bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics.

The cache of #bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 #bitcoins worth roughly $269 million were sent to a Coinbase address.

The #U.S. government currently holds 205,515 #bitcoins valued at $5.66 #billion based on today’s exchange rates.