Recent rumors regarding a Bitcoin sale by the U.S. government have been denied as confirmed by blockchain data.
Bitcoin Sale Reports
Rumors of a 69,370 BTC sale surfaced after reports of DOJ clearance for liquidation. These reports relate to a decision by a federal judge made in late December, only recently coming to light.
Arkham Confirmation
Blockchain intelligence platform Arkham confirmed that $6.44 billion in assets remains under U.S. government control amidst sale rumors. Arkham provided on-chain evidence of this balance.
U.S. Strategic Plans
With President Donald Trump's inauguration close, questions arise regarding U.S. strategy for Bitcoin. Trump plans to retain cryptocurrency reserves and create a BTC strategic reserve, an idea supported by Senator Cynthia Lummis and discussed in the U.S. Senate. Congress is also considering BTC reserves at the Federal Reserve.
It is unclear if the U.S. government will proceed with a Bitcoin sale during the current Biden administration. The crypto industry hopes Trump will pursue a BTC reserve plan within his first 100 days in office.
