Bitcoin News: Arkham Exposes Truth Behind U.S. Bitcoin Reserve with 198,000 BTC Tracking
Recent Bitcoin news has been dominated by speculation about the U.S. government’s Bitcoin reserves. Arkham Intelligence has now provided clarity by tracking 198,000 BTC linked to federal agencies, putting an end to rumors of secret liquidations.
Bitcoin Reserve Mystery Solved by Arkham Tracking
Last week, a Freedom of Information Act request revealed only 28,988 BTC in U.S. Marshals Service custody, sparking concerns about missing coins. Arkham’s blockchain intelligence identified at least 198,000 BTC held by various federal agencies, valued at approximately $24 billion.
Why the U.S. Bitcoin Reserve Matters
- Largest known sovereign Bitcoin stockpile
- Surpasses UK and Bhutan’s reserves
- Critical for national digital asset strategy
The Transparency Challenge in Bitcoin Management
Despite Executive Order 14233 mandating an audit, the U.S. government still lacks proper cryptographic verification for its Bitcoin reserves. Current cold storage solutions with private custodians like Coinbase Prime limit public verification.
Cryptographic Verification: The Future of Bitcoin Reserves
The Treasury could implement:
- Public reserve addresses
- On-chain transaction proofs
- Merkle tree verification
FAQs About the U.S. Bitcoin Reserve
Q: How much Bitcoin does the U.S. government actually hold?
A: Arkham tracking confirms at least 198,000 BTC across various agencies.
Q: Why was there confusion about the Bitcoin reserve?
A: Different agencies hold portions, and the FOIA request only revealed part of the total.
Q: What’s the solution for better transparency?
A: Cryptographic verification methods used by major exchanges could be adopted.
Q: When will the audit report be released?
A: The President’s Council of Advisers on Digital Assets announced it would be released soon.
