U.S. Government Controls $16B in Bitcoin, Eyes 1M BTC Under New Bill

U.S. Government Controls $16B in Bitcoin, Eyes 1M BTC Under New Bill

According to a new estimate by Nansen, as of March 12, the U.S. government owned 195,234 Bitcoin (BTC), worth more than $16 billion. Along with Bitcoin, the government's cryptocurrency portfolio also consists of Ethereum (ETH), which is valued at $4.6 million, yield-bearing assets like DAI and AUSDC_V2, and stablecoins like USD Coin (USDC). Laws to Increase Bitcoin Holdings Rep. Nick Begich recently sponsored a bill that would greatly incr...

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