US Government Emerges as One of World's Largest Bitcoin Whales, Holding Over $5.5 Billion in Confiscated BTC

US government holds over $5.5 billion in Bitcoin based on on-chain data analysis

Researchers estimate the government owns 194,188 BTC, about 1% of total supply

Government has confiscated 215,000+ BTC since 2020, moved some to exchanges

BTC currently trading around $28K, up 71% in 2023 but down 59% from all-time high

Data shows US government is one of the largest BTC whales in the world