Jul 30, 2024 - Economy

Charted: What the U.S. hodls

Crystal Kim

A line chart that displays the value of U.S. government's bitcoin holdings from November 3, 2020, to July 28, 2024. The chart shows a steady increase in value, starting at approximately $965 million in 2020, peaking at around $14.1 billion in 2024. — Data: ETC Group, Glassnode; Note: Accounts for changing amounts of BTC held by the U.S. government; Chart: Axios Visuals

Former President Trump's plan is among the more modest bitcoin-as-strategic-reserve proposals out there.

Between the lines: That's because Trump didn't say he would buy more bitcoin, but merely suggested never selling what the U.S. government has now and holding onto anything it seizes in future criminal busts.

Flashback: He said Saturday in Nashville: "If I am elected, it will be the policy of my administration to keep 100% of all the bitcoin the U.S. government currently holds or acquires."

The intrigue: When a wallet previously identified as belonging to the U.S. government moved bitcoin yesterday, it elicited some investor concern.

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Charted: What the U.S. hodls

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