Key Takeaways
- The US filed a civil complaint to seize 20.2 BTC (~$2.4M) linked to the Chaos ransomware gang.
- This aligns with President Trump’s executive order to build a Strategic Bitcoin Reserve.
- Discrepancies exist between claimed and publicly confirmed Bitcoin holdings in US agencies.
The US government has filed to legally seize 20.2 Bitcoin (valued at approximately $2.4 million) confiscated by the Dallas FBI from the Chaos ransomware group. If approved, the funds may join the proposed Strategic Bitcoin Reserve mandated by the executive order issued in March.
Dispute Over US Government BTC Holdings
While public trackers like Nansen and BitcoinTreasuries.NET estimate U.S. holdings at 198,000 BTC, a March FOIA request highlighted that the U.S.
Marshals Service only holds around 28,988 BTC. Observers note that multiple agencies may hold more Bitcoin in custody.
No Movement in Seized Holdings
Arkham’s on-chain research confirms that U.S. government BTC holdings have not moved in months—supporting claims by analysts that seized Bitcoin remains intact but not fully public.
Discrepancies on asset status—seized versus forfeited—continue to complicate total estimates.
States Following in Washington’s Footsteps
Over 30 U.S. states have proposed or considered Bitcoin reserve laws, though only Arizona, Texas, and New Hampshire have enacted legislation. With growing interest in Bitcoin as a state asset, the issue is gaining traction.
Final Thoughts
The U.S. move to seize Bitcoin from criminal enterprises marks another step toward formalizing crypto as government-owned assets. While tracking inconsistencies remain, adoption of Bitcoin as a strategic reserve continues to gain momentum at both federal and state levels.
Frequently Asked Questions
What is the Strategic Bitcoin Reserve?
An initiative to hold seized or forfeited crypto assets for federal use.
Who holds the U.S. government’s Bitcoin?
Multiple agencies, including DOJ, FBI, USMS, with varying disclosed holdings.
Are any states following suit?
Yes—Arizona, Texas, and New Hampshire have passed laws to hold Bitcoin as reserves.
