Following Recent Developments, How Much Bitcoin and Altcoin Does the US Government Have?
Following recent market movements, the cryptocurrency assets held by the US government attracted attention.
According to the data, the total value of US crypto assets stands at $24.29 billion, the vast majority of which is Bitcoin, with 198,022 BTC worth approximately $23.44 billion.
The government’s portfolio also includes 347.44 million USDT, 59,951 ETH ($273.6 million), 750.7 WBTC ($88.81 million), 40,293 BNB ($33.93 million), and various altcoins.
The full list of US altcoin holdings is as follows:
- Tether (USDT) – $347.45 million
- Ethereum (ETH) – $273.60 million
- Wrapped Bitcoin (WBTC) – $88.81 million
- Binance Coin (BNB) – $33.93 million
- Wrapped Ethereum (WETH) – $23.75 million
- Wrapped BNB (WBNB) – $18.66 million
- Binance USD (BUSD) – $13.49 million
- Aave USDC (AUSDC) – $13.47 million
- USD Coin (USDC) – $11.57 million
- Dai (DAI) – $8.66 million
- Tron (TRX) – $5.47 million
- Uniswap (UNI) – $3.29 million
- Chainlink (LINK) – $2.26 million
- Render Token (RNDR) – $1.05 million
- Aave (AAVE) – $1.04 million
- The Sandbox (SAND) – $954.07 thousand
- Band Protocol (BAND) – $724.19 thousand
- Shiba Inu (SHIB) – $709.82 thousand
- FTX Token (FTT) – $503.74 thousand
- Maker (MKR) – $460.42 thousand
- Nexo (NEXO) – $440.15 thousand
- Kyber Network Crystal (KNC) – $303.81 thousand
- Mask Network (MASK) – $165.94 thousand
- iExec RLC (RLC) – $145.44 thousand
- Curve DAO Token (CRV) – $143.68 thousand
- Aergo (AERGO) – $118.94 thousand
- Power Ledger (POWR) – $106.74 thousand
US Treasury Secretary Scott Bessent recently made it clear to Fox Business that the government will not be purchasing Bitcoin to add to its existing reserves.
“We will not buy,” Bessent said, adding that the strategic Bitcoin reserve, put in place by President Donald Trump in March, will only be increased through legal seizures.
For months, the Trump administration has been touting the possibility of the government purchasing Bitcoin. This prospect excited investors, anticipating both the potential legitimacy it could provide to the cryptocurrency in the eyes of the government and the potential deflationary impact of large-scale purchases on Bitcoin's price. However, Bessent's latest statement has put that hope on hold for now.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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