The U.S. government has recently transferred roughly $8.8 million worth of Bitcoin, according to a Techub News brief citing TheStreet. The assets were reportedly tied to cryptocurrency previously seized through law enforcement actions. The move has drawn attention because it appears to conflict with an earlier pledge attributed to Donald Trump that the government would never sell those crypto holdings. The transfer is also being watched in the context of prior commitments to build a strategic Bitcoin reserve and avoid selling the assets. No further details were provided in the source brief about the destination of the transfer or whether the moved Bitcoin was sold.
The U.S. government recently transferred about $8.8 million worth of Bitcoin, according to Techub News, which cited TheStreet.
The assets were reportedly sourced from cryptocurrency seized in earlier law enforcement actions. Trump had previously said the government would never sell those crypto holdings.
The transfer has drawn market attention because it appears to run against the earlier commitment to establish a strategic Bitcoin reserve and avoid sales.
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