• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

U.S. Bitcoin Holdings: Market Implications

user avatar

by Giorgi Kostiuk

6 hours ago


The U.S. government controls 195,234 Bitcoins, totaling over $16 billion. A new bill could significantly increase these holdings.

Current U.S. Government Assets

According to a new Nansen report, as of March 12, 2023, the U.S. government holds 195,234 Bitcoins. Additionally, its crypto portfolio includes $4.6 million worth of Ethereum, stablecoins like USDC, and yield-bearing assets DAI and AUSDC_V2.

Proposed New Bill

A recently introduced bill by Rep. Nick Begich could dramatically increase government holdings. The bill proposes acquiring 1 million Bitcoins over the next five years, implying roughly 5% of the total supply. The dollar value of these purchases at today’s market price would be just under $110 billion.

Impact on the Crypto Market

If the bill passes, U.S. government Bitcoin holdings would surpass the estimated 1.1 million BTC attributed to Bitcoin’s mysterious creator, Satoshi Nakamoto. This would significantly influence market liquidity and price stability, potentially driving up Bitcoin’s value and reshaping market dynamics. However, such ownership raises concerns about centralization of a traditionally decentralized asset.

The new bill could significantly alter the power dynamics in the crypto market, raising both enthusiasm and concerns among market participants.

0

Share

Other news

Sacks and Craft Ventures Sell $200M in Digital Assets

David Sacks and Craft Ventures sold over $200M in digital assets, including Bitcoin and Ethereum.

user avatarGiorgi Kostiuk

5 minutes ago

Ripple Labs Resumes RLUSD Issuance to Meet Market Demand

Ripple resumes RLUSD issuance, increasing its supply by 6.5 million units.

user avatarGiorgi Kostiuk

16 minutes ago

David Sacks' Crypto Sell-Off Before Starting White House Role

David Sacks sold $200M in crypto assets before his White House appointment to avoid conflicts of interest.

user avatarGiorgi Kostiuk

22 minutes ago

VanEck Announces Plans to Launch AVAX ETF

VanEck filed for its first AVAX ETF, continuing its efforts in niche investment products.

user avatarGiorgi Kostiuk

22 minutes ago

Ripple Labs Restarts RLUSD Production Confirming Market Confidence

Ripple Labs resumed RLUSD issuance on XRP Ledger and Ethereum after a week pause, introducing 6.5 million tokens.

user avatarGiorgi Kostiuk

26 minutes ago

Minnesota Cryptocurrency Bill: Details and Implications

Minnesota considers a cryptocurrency bill proposing new investment and tax opportunities.

user avatarGiorgi Kostiuk

38 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.