US Marshals Bitcoin Disclosure Raises Alarms Over Missing BTC

FOIA Sparks US Marshals Bitcoin Disclosure: Massive Shortfall Found

US Marshals Bitcoin Disclosure Reveals Major BTC Shortfall

The American government has quietly sold off its digital gold holdings without leaving an on-chain trace for the public to see, according to a U.S. Service investigation. The alleged 28,988BTC units held by the U.S. government are part of the previously estimated reserves of about 200k coins. 

Source: X

Source: X

In a Freedom of Information Act request, independent crypto journalist L0la L33tz revealed that the U.S. Marshals Service doesn't actually own as many bitcoins as previously thought. The Department of Justice said in a letter that as of March, it held little more than 28,988coins, valued approximately $3.4 billion at current prices.

BitcoinMagazine Chairman David Bailey offered a $10,000 bounty to a journalist to uncover the exact amount of coin held by the American government. Independent journalist Lola Leetz responded with documents from the US Marshals Bitcoin Disclosure showing the holdings were valued at $3.44 billion. Bailey claimed that the current number of cryptocurrency held by the U.S. government is 85% less than previously thought, explaining the long-standing price action.

Cynthia Lummis Demands Transparency from DOJ

Source: X

The action has drawn strong criticism from pro regulators, including Senator Cynthia Lummis, who has pushed for the establishment of a strategic cryptocurrency reserve by the Donald Trump administration. If they has sold the digital gold reserve, Lummis says, the nation would have lost a year in the cryptocurrency race.

Source: www.whitehouse.gov 

Although there had been no official audit of the token at the time, White House AI and Crypto Czar David Sacks believed that the U.S. had about 200,000 of the cryptocurrency. 

US Marshals Bitcoin Disclosure Data creates Discrepancies Between Agencies Raise Red Flags

Source: intel.arkm.com

According to US Marshals Bitcoin Disclosure, the Department of Justice stated in a letter that as of March, it had little over 28,988coins, which is equivalent to around $3.4 billion at today's values. However, according to data from the digital assets Treasury and Arkham Intelligence, the U.S. owns around $23.45 billion in coin assets across all of its agencies, or nearly 198,012k coins.

Now the question arises, where has it gone? As of now, when it is at an all-time high and countries and institutions are buying and fulfilling their reserves. President Trump is actively stressing on building a Treasury. The US Government should raise concerns regarding the missing coins in reserve. Is the government quietly selling off at the price surge? US Marshals Bitcoin Disclosure discrepancy raises transparency and audit concerns.

Timing of the Sale Could Cost the U.S. Billions

The American BTC stash has been a significant difference between Republicans and Democrats, with President Trump's plans to introduce a strategic Bitcoin Reserve and clear crypto regulatory frameworks attracting young crypto voters. The US's potential BTC sale could put China ahead until the US implements its strategic BTC reserve.

If the US Marshals' bitcoin disclosure is correct, then the US is likely to experience similar losses as the German administration, which sold its digital gold stash before the price surged above $60k, losing billions of dollars for not holding the coins for less than a year.