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The Daily Hodl 2025-03-07 21:00:34

US Government Bitcoin Stash Would Be Worth an Extra $16,634,000,000 if the DOJ Hadn’t Sold BTC: David Sacks

US Government Bitcoin Stash Would Be Worth an Extra $16,634,000,000 if the DOJ Hadn’t Sold BTC: David Sacks

The White House’s “Crypto Czar,” David Sacks, says the US government would own an extra $16.634 billion worth of Bitcoin if the Department of Justice (DOJ) had held onto its BTC . Sacks notes the federal government has sold approximately 195,000 Bitcoin for $366 million, far less than it could have earned for the BTC today. “If the government had held the Bitcoin, it would be worth over $17 billion today. That’s how much it has cost American taxpayers not to have a long-term strategy.” The US government currently owns $17.05 billion worth of BTC, per data from the blockchain analytics firm Arkham. Sacks previously served as PayPal’s chief operating officer (COO) and is a high-profile venture capitalist who has invested in Airbnb, Palantir, Postmates, Reddit, Slack, SpaceX, Twitter, Uber and other big-name tech companies. The U.S. Marshals Service typically sells US government-seized Bitcoin in auctions. On Sunday, President Donald Trump confirmed that the US will set up a “crypto strategic reserve” consisting of Bitcoin, Ethereum ( ETH ), XRP , Solana ( SOL ) and Cardano ( ADA ). BTC is trading at $87,104 at time of writing. The top-ranked crypto asset by market cap is down by nearly 8% in the past 24 hours but is up by more than 6.5% in the past week. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Government Bitcoin Stash Would Be Worth an Extra $16,634,000,000 if the DOJ Hadn’t Sold BTC: David Sacks appeared first on The Daily Hodl .

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