The U.S. Goverment can’t even track its own Bitcoin stack.
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One arm accumulates, another sells - that was my first reaction, and pretty much the industry’s, when we saw the headline: “The Marshals Service says the government now holds only 28 988 BTC", not the 200 000 BTC everyone assumed.
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Immediately, it felt like a perfect case study in why decentralization, and all the consensus mechanisms, automation, and removal of bureaucratic middlemen - actually matters.
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But it isn’t quite that bad; the situation is a bit different.
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The 28 988 BTC figure is correct, yet it applies only to the assets sitting on the Marshals Service’s balance sheet. It does not account for the government’s total Bitcoin reserves.
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According to several blockchain-analytics firms, wallets linked to the U.S. government overall (across various federal agencies) still hold roughly 200 000 BTC.
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U.S. HODL
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