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Bitcoin
Bitcoin (BTC)
$120,381.00 -2.90664
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Ethereum
Ethereum (ETH)
$4,309.90 -5.13679
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BNB
BNB (BNB)
$1,239.64 -5.49452
BNB price
Solana
Solana (SOL)
$218.10 -3.67765
Solana price
XRP
XRP (XRP)
$2.79 -4.32976
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000118 -5.08024
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Pepe
Pepe (PEPE)
$0.0000091 -5.85272
Pepe price
Bonk
Bonk (BONK)
$0.0000189 -7.7108
Bonk price
dogwifhat
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$0.698053 -6.75448
dogwifhat price
Popcat
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$0.220252 -7.51743
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Bitcoin
Bitcoin (BTC)
$120,381.00 -2.90664
Bitcoin price
Ethereum
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$4,309.90 -5.13679
Ethereum price
BNB
BNB (BNB)
$1,239.64 -5.49452
BNB price
Solana
Solana (SOL)
$218.10 -3.67765
Solana price
XRP
XRP (XRP)
$2.79 -4.32976
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000118 -5.08024
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000091 -5.85272
Pepe price
Bonk
Bonk (BONK)
$0.0000189 -7.7108
Bonk price
dogwifhat
dogwifhat (WIF)
$0.698053 -6.75448
dogwifhat price
Popcat
Popcat (POPCAT)
$0.220252 -7.51743
Popcat price
Bitcoin
Bitcoin (BTC)
$120,381.00 -2.90664
Bitcoin price
Ethereum
Ethereum (ETH)
$4,309.90 -5.13679
Ethereum price
BNB
BNB (BNB)
$1,239.64 -5.49452
BNB price
Solana
Solana (SOL)
$218.10 -3.67765
Solana price
XRP
XRP (XRP)
$2.79 -4.32976
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000118 -5.08024
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000091 -5.85272
Pepe price
Bonk
Bonk (BONK)
$0.0000189 -7.7108
Bonk price
dogwifhat
dogwifhat (WIF)
$0.698053 -6.75448
dogwifhat price
Popcat
Popcat (POPCAT)
$0.220252 -7.51743
Popcat price

U.S. government holds $16B in Bitcoin, eyes 1m BTC under new bill

News
U.S. government holds $16B in Bitcoin, eyes 1m BTC under new bill

As of March 12, the U.S. government controls 195,234 Bitcoin, valued at more than $16 billion, according to a new Nansen report.

The government’s crypto portfolio also includes $4.6 million worth of Ethereum (ETH), stablecoins such as USDC, and yield-bearing assets DAI and AUSDC_V2.

A newly proposed bill, introduced by Rep. Nick Begich, could dramatically increase the government’s holdings. The House Strategic Bitcoin Bill aims to acquire 1 million BTC, implying roughly 5% of Bitcoin’s total supply, over the next five years. If passed, the dollar value of the purchases at today’s market price would be just shy of $110 billion.


Implications for the Market


If the bill passes, the U.S. government’s Bitcoin holdings would surpass the estimated 1.1 million BTC attributed to Bitcoin’s mysterious creator, Satoshi Nakamoto. This would give the government significant influence over market liquidity and price stability, potentially driving up Bitcoin’s value and reshaping market dynamics.

However, this level of ownership raises concerns about the centralization of a traditionally decentralized asset. Large-scale acquisitions could make the government a price setter in the Bitcoin market which some argue stands against the original ethos of cryptocurrency.