Inside the US Government’s $24 Billion Crypto Portfolio

The US Government holds 198,000 BTC worth $24B across multiple agencies.

Arkham Intelligence disproves earlier claims of massive Bitcoin liquidation.

Upcoming policy report may decide between long-term holding or strategic sales.

The US Government holds a digital treasure chest worth $24 billion in Bitcoin. That number comes from blockchain analytics firm Arkham Intelligence, which tracked holdings across multiple government-controlled wallets. These assets have stayed untouched for months, contradicting earlier claims of an 85% liquidation. The revelation changes the conversation around federal Bitcoin strategy and reignites debates over potential market impact.

US Bitcoin Holdings Remain Strong

Arkham Intelligence uncovered at least 198,000 BTC held across several agencies. These include the FBI, DOJ, DEA, and US Attorney’s Offices. None of these wallets have moved Bitcoin for the past four months. That signals a clear choice for long-term custody rather than immediate liquidation. Initial reports painted a different picture. They suggested holdings had plunged to just 29,000 BTC. This sparked intense reactions from lawmakers and traders. Many feared a massive sell-off had already happened. Arkham’s updated data proved those fears misplaced.

The earlier confusion came from incomplete tracking of seized assets spread across different agencies. Federal bodies maintain decentralized control, meaning no single ledger shows the full picture. This oversight led analysts to underestimate the total by a staggering margin. Clarity, however, has not eased all concerns. With the real numbers now visible, market watchers worry about the effect of a sudden sale. Releasing even part of this stash could send shockwaves across crypto exchanges. Traders compare such a move to a boulder dropping into a still pond, with ripples spreading far and wide.

Policy Decisions Could Shape the Future

Analysts agree that unloading large amounts of Bitcoin would hurt investor confidence. Fear about when and how sales might occur adds to market tension. With 198,000 BTC in reserve, the US Government holds one of the largest single caches on record. Decisions about managing these assets may hinge on upcoming policy developments. On July 30, Trump’s digital assets task force will release a long-anticipated 180-day report.

One possibility is treating seized Bitcoin as a formal strategic reserve. That approach could reduce pressure to sell quickly and position the US as a key crypto player. Another option involves selective sales to fund programs without tapping taxpayer money. The report will likely address broader digital asset rules as well. This includes potential token classification frameworks, stablecoin oversight, and international cooperation.

The crypto community sees this report as a compass pointing toward future federal action. Whether the path leads to long-term storage or calculated liquidation, the outcome will carry weight in global markets. Every decision could shift sentiment, influence adoption, and shape the role of digital assets in public finance. The US Government holds 198,000 BTC worth $24 billion.