{"id":76080,"date":"2023-03-23T17:10:19","date_gmt":"2023-03-23T15:10:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76080"},"modified":"2025-09-10T15:20:08","modified_gmt":"2025-09-10T12:20:08","slug":"dune-analysts-call-the-us-government-one-of-the-biggest-bitcoin-whales","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dune-analysts-call-the-us-government-one-of-the-biggest-bitcoin-whales\/","title":{"rendered":"Dune analysts call the US government &#8216;one of the biggest Bitcoin whales&#8217;"},"content":{"rendered":"<p>The leading cryptocurrency held by U.S. authorities totals 205,515 BTC (about $5.6 billion at the time of writing) \u2014 more than 1% of the coin\u2019s supply.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The US Government is one of the biggest <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> whales ? <\/p>\n<p>Since 2020, they seized 215k+ <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> \u2014 currently holds at least $5.65b worth <\/p>\n<p>That\u2019s 1%+ of the total circulating supply ?<\/p>\n<p>This dash by <a href=\"https:\/\/twitter.com\/0xcarlosg?ref_src=twsrc%5Etfw\">@0xcarlosg<\/a> &amp; <a href=\"https:\/\/twitter.com\/21Shares?ref_src=twsrc%5Etfw\">@21Shares<\/a> breaks it all down ?<a href=\"https:\/\/t.co\/JxnDDqqtsf\">https:\/\/t.co\/JxnDDqqtsf<\/a><\/p>\n<p>\u2014 Dune (@DuneAnalytics) <a href=\"https:\/\/twitter.com\/DuneAnalytics\/status\/1638853345845624833?ref_src=twsrc%5Etfw\">March 23, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since 2020, the United States Department of Justice has seized about 215,000 BTC linked to criminal activity. Among them:<\/p>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/forklog.com\/en\/news\/u-s-authorities-seize-silk-road%e2%80%91linked-bitcoin-worth-more-than-1-billion-69370-btc\">69,370 BTC<\/a>, linked to the Silk Road darknet marketplace (November 2020);<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/u-s-authorities-confiscated-3-6-billion-in-bitcoin-stolen-from-bitfinex\">94,643 BTC<\/a>, seized from a married couple involved in the Bitfinex hack (January 2022);<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/us-resident-pleads-guilty-to-silk-road-fraud-involving-50000-btc\">51,326 BTC<\/a>, confiscated from James Zhong, who hacked Silk Road (November 2022).<\/li>\n<\/ul>\n<p>Dune notes that this is a &#8216;low estimate&#8217;, based on publicly available information.<\/p>\n<p>Earlier, PeckShield <a href=\"https:\/\/forklog.com\/en\/news\/us-confiscated-silk-road-bitcoins-move-to-new-wallets-worth-1-billion\">documented the movement of 48,998 BTC<\/a> from the wallets of the U.S. government. 30,174 BTC and 8,999 BTC were moved to two new addresses, and a further 9,825 BTC were sent to the American cryptocurrency exchange <a href=\"https:\/\/forklog.com\/en\/news\/what-is-coinbase\">Coinbase<\/a>.<\/p>\n<p>In March 2023, authorities in Germany and the United States, with the participation of other countries, shut down the ChipMixer infrastructure and <a href=\"https:\/\/forklog.com\/en\/news\/u-s-and-german-authorities-seize-chipmixer-cryptocurrency-mixer-servers\">confiscated 1,909.4 BTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total stock of the leading cryptocurrency held by U.S. authorities stands at 205,515 BTC \u2014 more than 1% of the coin\u2019s supply.<\/p>\n","protected":false},"author":1,"featured_media":76081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1708,26],"class_list":["post-76080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-dune-analytics","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=76080"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76080\/revisions"}],"predecessor-version":[{"id":76083,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76080\/revisions\/76083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76081"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}