A recent response from the U.S. Marshals Service to a FOIA request debunks the myth that the U.S. government holds 198,012 bitcoins.
Clarifications on Bitcoin Quantity
The U.S. Marshals Service confirmed that the U.S. government holds only 28,988.35643016 bitcoins, roughly worth $3.44 billion at current prices. This information was provided in writing and was not redacted.
History of the FOIA Request
The request for the number of bitcoins held by the U.S. Marshals was filed on March 24 by a journalist known as L0la L33tz. This is the first instance of a complete documented breakdown of asset records.
Potential Asset Management
L0la L33tz also mentioned that a second FOIA request is underway to determine if the current bitcoin stash is managed through Coinbase Prime. The U.S. Marshals Service is responsible for storing and managing confiscated crypto assets.
Thus, this information alters the perception of bitcoin holdings under the U.S. government, reaffirming existing doubts about the accuracy of previous estimates.
