Key Takeaways
- The US government transferred 10,000 Bitcoin worth $594 million.
- The Bitcoin was seized during the Silk Road raid.
- The US government holds around 203,000 BTC, valued at $12 billion.
The United States government transferred approximately 10,000 Bitcoin to a wallet with the address ending in “noe” on August 14, 2024, at 15:38:31 UTC, according to Arkham Intelligence.
This Bitcoin, valued at $593.91 million, was initially seized during the Silk Road raid.
Recent movements
This latest transaction adds to the history of significant Bitcoin movements by the US government.
Just two weeks earlier, on July 29, 2024, the government transferred 29,800 Bitcoin, valued at nearly $2 billion, from its wallets to an unknown address.
Largest holder
Currently, the US government is the largest geopolitical holder of Bitcoin, managing around 203,000 BTC, which is worth approximately $12 billion at the time of writing.
