U.S.Marshals Reveals the Government Holds Only 28,988 Bitcoin Down from Nearly 200k

The U.S. Marshals Service has revealed that the United States government now holds only 28,988 Bitcoin, a significant decrease from the nearly 200,000 Bitcoin it was previously believed to possess. This reduction suggests the government has sold off a large portion of its Bitcoin holdings without public knowledge. Senator Cynthia Lummis has criticized this action, stating that it sets the United States back in the 'Bitcoin race' and could allow countries like China to gain an advantage. The sale is particularly notable as Bitcoin's price is increasing due to higher demand from institutional investors and countries, potentially leading to financial losses for the U.S., similar to what Germany experienced when it sold its Bitcoin before a major price surge.