BREAKING: US government moves 10,000 Bitcoin

The United States government is currently the largest geopolitical holder of Bitcoin, with 203,000 BTC under the control of the US.

The United States government shifted roughly 10,000 Bitcoin (BTC) to a wallet address ending the letters “noe” on Aug. 14, 2024, at 15:38:31 UTC, according to data from Arkham Intelligence. 

According to the onchain analytics firm, the funds were seized during the Silk Road raid and are currently valued at $593.91 million.

This marks the latest high-profile transfer of the United States government’s Bitcoin holdings, with the previous transfer of 29,800 Bitcoin, valued at nearly $2 billion, sent from US government wallets to an unknown address on July 29, 2024.

The US government currently holds roughly 203,000 BTC valued at approximately $12 billion at the time of this writing.