US Government Transfers $922 Million in Seized Bitcoin: What You Need to Know

The US government has executed a massive Bitcoin transfer, moving approximately 15,085 BTC valued at nearly $923 million from wallet addresses containing funds seized from Bitfinex in 2016. This brings the government's total Bitcoin holdings to over 200,000 BTC, worth $12.50 billion, with additional holdings in Ethereum and other cryptocurrencies. Whistleblower Edward Snowden has suggested that a national government may be accumulating Bitcoin to replace traditional gold reserves, sparking speculation within the crypto community.