0 reply
1 recast
1 reaction
U.S. government holds $16B in Bitcoin, eyes 1m BTC under new bill
Share
As of March 12, the U.S. government controls 195,234 Bitcoin, valued at more than $16 billion, according to a new Nansen report.
The governmentâs crypto portfolio also includes $4.6 million worth of Ethereum (ETH), stablecoins such as USDC, and yield-bearing assets DAI and AUSDC_V2.
A newly proposed bill, introduced by Rep. Nick Begich, could dramatically increase the governmentâs holdings. The House Strategic Bitcoin Bill aims to acquire 1 million BTC, implying roughly 5% of Bitcoinâs total supply, over the next five years. If passed, the dollar value of the purchases at todayâs market price would be just shy of $110 billion. 0 reply
0 recast
1 reaction