US Government’s premature Bitcoin selling results in $6 billion loss!
The United States government, one of the largest holders of Bitcoin (BTC) in the world, missed out on potential gains exceeding $6 billion by selling its Bitcoin holdings prematurely. The US government’s seized Bitcoin tally stands at 210,429 BTC, valued at over $7.2 billion, as of October 31, 2023. Data from the on-chain analytics firm […]
US Government missed out on $116 Million gains after selling Bitcoin in march
The US government is reckoning with a $116 million blow, following the sale of a significant Bitcoin portfolio back in March. This loss comes as a result of a rapid increase in the cryptocurrency’s value. The US government sold 9,861 Bitcoin (BTC) in March for approximately $216 million. As of today, seven months later, that […]