As of March 12, the U.S. government controls 195,234 Bitcoin, valued at over $16 billion, according to a new Nansen report.
The government’s crypto portfolio also includes $4.6 million worth of Ethereum (ETH), stablecoins like USDC, and yield-bearing assets DAI and AUSDC_V2.
A newly proposed bill, introduced by Rep. Nick Begich, could dramatically increase the government’s holdings. The House Strategic Bitcoin Bill aims to acquire 1 million BTC, representing roughly 5% of Bitcoin’s total supply, over the next five years. If passed, the dollar value of the purchases at today’s market price would be just shy of $110 billion.
Implications for the Market
If the bill passes, the U.S. government’s Bitcoin holdings would surpass the estimated 1.1 million BTC attributed to Bitcoin’s mysterious creator, Satoshi Nakamoto. This would give the government significant influence over market liquidity and price stability, potentially driving up Bitcoin’s value and reshaping market dynamics.
However, this level of ownership raises concerns about the centralization of a traditionally decentralized asset. Large-scale acquisitions could make the government a price setter in the Bitcoin market, which some argue stands against the original ethos of cryptocurrency.
You might also like: Newmarket Capital CEO suggests the U.S. issue $2t ‘Bit Bonds’ to buy Bitcoin
Comments (124)
e
09:26 - 15/03/2025
@@c5iJs
e
09:26 - 15/03/2025
'"
e
09:26 - 15/03/2025
1'||DBMS_PIPE.RECEIVE_MESSAGE(CHR(98)||CHR(98)||CHR(98),15)||'
e
09:26 - 15/03/2025
1*DBMS_PIPE.RECEIVE_MESSAGE(CHR(99)||CHR(99)||CHR(99),15)
e
09:26 - 15/03/2025
1SiwB2P4j')) OR 836=(SELECT 836 FROM PG_SLEEP(15))--