United States law enforcement officials announced on Monday that the U.S. Department of Justice (DOJ) seized “approximately 50,676.17” bitcoin from a Silk Road thief. The latest seizure adds to the cache of bitcoins the U.S. government holds today as three forfeitures during the last two years have led to a stash of around 214,682 bitcoin worth $4.22 billion using today’s bitcoin exchange rates.
After 3 Major Forfeitures, U.S. Law Enforcement Officials Hold More Than 1% of Bitcoin’s Capped Supply
The U.S. government has a large stash of bitcoin after three major confiscations during the last two years. The first major seizure revealed was back in November 2020, when the DOJ detailed it confiscated 69,370.22 BTC which was worth over $1 billion at the time. Today, the stash seized from a person dubbed “Individual X” is worth $1.36 billion.
Then on Feb. 1, 2022, onchain analysts noticed 94,636 BTC consolidate into a single address. The coins derived from the 2016 Bitfinex hack
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