U.S. Government Holds 198,800 BTC, Mostly from Criminal Seizures

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The current estimated valuation of the vaults of Bitcoin held by the U.S. government is about $ 17.7 billion. This results from the current market value of around $ 17.7 billion. Stolen or confiscated Bitcoin from criminal enterprises largely constitutes these government-held Bitcoin. Seizures of Bitcoin during unlawful operations have been just one of the reasons for the rapid growth of the Bitcoin stockpile. Hacking operations have been just one of the areas targeted by authorities trying to control the growth of criminal enterprises using Bitcoin. Bitcoin, frequently lauded for its anonymity and decentralized character, has entered the criminal ecosystem

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