US Government’s Bitcoin Blunder: Did They Secretly Sell 170,000 BTC? 🤔💰

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Dear Reader, in the grand theatre of crypto speculation, a new act has opened, and the US government finds itself in the spotlight, or rather, under the harsh glare of a FOIA request. It is whispered in the hallowed halls of the blockchain that the US government may have, in a moment of fiscal clarity or perhaps a fit of pique, quietly divested itself of nearly 170,000 BTC, leaving a mere 28,988 BTC, valued at approximately $3.4 billion, in its coffers. 🤑

The stage was set when the US Marshals Service, in a moment of bureaucratic transparency, revealed its current holdings. This disclosure, like a well-timed punchline, sent ripples through the crypto community, where the rumor mill operates with the efficiency of a well-oiled machine. The tale spread across the social media platform X, where even the most esteemed public figures could not resist the temptation to comment on what appeared to be a monumental strategic sell-off. 📢

FOIA Request Misinterpreted

Alas, the confusion, much like a misquoted line in a Shakespearean play, stems from a misunderstanding. The FOIA request, submitted by the intrepid journalist L0la L33tz, accurately reflects the holdings of the US Marshals Service, but it is but a small part of the grand tapestry of federal Bitcoin reserves. The Marshals, it seems, are but one player in a much larger ensemble. 🎭

On-chain data from the esteemed blockchain analytics firm Arkham Intelligence paints a different picture. According to their findings, the US government as a whole still holds approximately 198,000 BTC, worth over $23.46 billion at the current price of Bitcoin. These coins, like the stars in the night sky, are scattered across various federal agencies, not confined to the Marshals’ custody. 🌌

Even the eloquent US Senator Cynthia Lummis, a known advocate of Bitcoin, was moved to express her concern, saying, “I’m alarmed by reports that the U.S. has sold off over 80% of its Bitcoin reserves, leaving just ~29,000 coins. If true, this is a total strategic blunder and sets the United States back years in the bitcoin race.” 🚨

What If the US Quietly Sold 170,000 BTC?

The consequences of such a clandestine sale, should it have occurred, would be as dramatic as a Greek tragedy. A sale of that magnitude would unleash a torrent of selling pressure, causing a precipitous drop in the price of Bitcoin. The crypto market, like a house of cards, would crumble under the weight of liquidations, and the confidence of investors would be shattered. 🏢💥

Moreover, such a move would be a stark contradiction to the federal policy direction set earlier this year. In March, President Donald Trump, in a stroke of executive brilliance, signed an order instructing all federal agencies to transfer their Bitcoin and digital asset holdings to the US Treasury. This order, a testament to the strategic importance of Bitcoin, formalized the creation of a national Bitcoin reserve. The idea that the US would quietly sell off the majority of its Bitcoin holdings, under the current administration, seems as likely as a unicorn riding a rainbow. 🦄🌈

At the time of writing, Bitcoin is trading at $118,360, a price that, one hopes, will not be the victim of a governmental misstep. 📈

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2025-07-17 20:17