U.S. Marshals Service Holds Whopping 28,988 BTC ($3.44B) – A Bitcoin Vault Bigger Than Most Hedge Funds
The U.S. Marshals Service just revealed its crypto treasure chest—and it’s enough to make Wall Street blush. With 28,988 BTC ($3.44 billion) under lock and key, the government agency now holds one of the largest Bitcoin stashes on Earth.
Who needs a hedge fund when you’ve got seized assets?
The Marshals’ BTC hoard—accumulated from forfeitures and auctions—outpaces the crypto holdings of most institutional investors. While private funds nickel-and-dime over ETF allocations, Uncle Sam’s enforcers are sitting on a digital goldmine.
Funny how the ‘wild west’ of crypto now looks like the federal government’s safest savings account.
Response to our FOIA request by US Marshal Service. Source: L0la L33tz
FOIA request blows up 200K BTC narrative
For years, crypto analysts and government critics pushed the idea that America held around 200,000 BTC. Arkham and others say the total might be closer to $25 billion, but that includes coins possibly seized by other agencies like the IRS or the FBI. Good luck trying to verify that. There’s no centralized database, and seizure operations are usually buried under layers of paperwork… or no paperwork at all.
Even David Sacks, the guy the WHITE House put in charge of AI and crypto, said the same thing earlier this year. Meanwhile, L33tz added that a second FOIA request is already in the works. The goal? To verify if this current BTC stash is being managed through Coinbase Prime, which has reportedly handled government-seized crypto assets before.
Now here’s the thing: the Marshals Service has always been the agency that deals with seized crypto, meaning they store it, they manage it, and when the time is right, they auction it off.
The most famous case was the massive sale of 69,370 BTC that the Department of Justice was cleared to dump right before Donald TRUMP took office in January.
So, unless there’s been a private sale the government somehow forgot to announce, these numbers should be spot on. “U.S. Marshal Service liquidates assets in public auctions, so unless they announced a sale, this list should be accurate,” L33tz said.
Let’s not forget how we got here. The FOIA request literally asked for: “The amount of bitcoin held by the U.S. Marshals Service.” That’s it.
Let that sink in.
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