Sage Investment Club

The US government holds over 205K btc that they confiscated from three cases. They hold over 1% of the circulating supply of bitcoin. The first case Individual X (unknown person) moved 69,369 bitcoins that they managed to take from The Silk Road marketplace account. The US government found out who this person was and Individual X signed a consent and agreement to forfeiture with the U.S. attorney's office handing over the 69,369 btc. The Second Case February 8th 2022 the U.S. Department of Justice announced the seizure of 94,636 bitcoins linked to the 2016 hack of the cryptocurrency exchange Bitfinex. ​ The Third Case November 7th 2022, The U.S. Department of Justice announced that James Zhong pleaded guilty to committing wire fraud in September 2022 when he unlawfully obtained over 50,000 btc from The Silk Road marketplace. ​ How do the US btc holdings compare to others (some of these number may be off since I went with the most recent articles I could find, included the most recognizable names on the sub but there are other who would be on this list) % of circulating supply Coinbase 2,000,000 BTC 10.34% Satoshi Nakamoto 1,100,000 BTC 5.69% Grayscale 643,572 BTC 3.32% Binance 248,597 BTC 1.28% US Government 205,515 BTC 1.06% MicroStrategy 124,391 BTC 0.64% Winklevoss Twins 70,000 BTC 0.36% Tesla 42,902 BTC 0.22% El Salvador 2,381 BTC 0.012% ​ submitted by /u/Odlavso [comments]

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