The U.S. government has seized 327,000 Bitcoin, valued at over $36 billion, from the Prince Group in its largest-ever cryptocurrency confiscation. The operation was led by the Department of Justice with support from the Treasury Department. In a strategic shift, the administration plans to hold the seized Bitcoin as a sovereign reserve asset rather than liquidate it.
Treasury Secretary Scott Bessent confirmed the decision to retain the Bitcoin, stating, "We’re going to stop selling that." This seizure accounts for approximately 1.5% of the total Bitcoin supply, potentially affecting market dynamics and institutional confidence. Chainalysis CEO Jonathan Levin remarked that this move could redefine asset forfeiture and influence global approaches to crypto enforcement.
U.S. Government Seizes 327,000 Bitcoin in Record Crypto Confiscation
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