Arkham Intelligence's recent report confirms that the US government still holds 198,000 Bitcoin valued at approximately $23.5 billion, countering rumors of asset sales.
Arkham Clarifies US Bitcoin Holdings
Arkham Intelligence has clarified rumors regarding **US government BTC holdings**. Contrary to reports, the government still holds approximately **198,000 BTC** valued at $23.5 billion. The holdings are distributed among various federal agencies, including the FBI, DOJ, and DEA. No notable movements of these assets have occurred in the past four months.
> "The FOIA figures only captured USMS wallets, other agency wallets hold the remainder." - Arkham Intelligence, Blockchain Analytics Firm.
Impact on Cryptocurrency Investors
The misinformation created significant unease among cryptocurrency investors. However, Arkham's data, supported by [on-chain analytics](https://twitter.com/cryptodotnews), show that no BTC has moved from government wallets since then, calming immediate sell pressure concerns in the market.
Market Sensitivity to US Government Bitcoin Management
The unconfirmed sale rumors correlated with brief volatility in Bitcoin prices, highlighting the **market's sensitivity to developments** concerning the vast BTC amounts controlled by the U.S. government. Historically, government sell-offs like the Silk Road auctions caused temporary price disruptions.
It should be noted that should a government-initiated sale occur, potential impacts might include shifts in Bitcoin's market supply, investor sentiment, and regulatory discussions. The possibility of such actions continues to capture the interest of stakeholders across financial and governmental domains.
