In early June, a wallet labeled as “German Government” began transferring BTC seized from pirate movie site operator Movie2k to exchanges. Coincidentally, the U.S. government’s dormant BTC wallet moved 4,000 BTC to Coinbase on June 27, signaling potential sales. Meanwhile, Mt.Gox’s repayment process is set to commence in July, releasing BTC and BCH to creditors.
According to partial data, governments including China, the U.S., U.K., and Germany have confiscated over 500,000 BTC from hackers and money laundering cases since 2018. Combined with Mt.Gox’s 141,685 BTC holdings, these represent 3.32% of Bitcoin’s circulating supply.
While most governments adopt gradual, small-scale sales, their non-crypto-friendly policies suggest eventual liquidation. This article tracks key government and institutional BTC holdings, sales patterns, and monitoring methods.
U.S. Government Holdings: 213,546 BTC
The U.S. has a long history of BTC sales, pausing between July 2023 and March 2024. The latest transaction involved 4,000 BTC sent to Coinbase Prime. Notably, its largest single sale occurred in March 2023: 9,861 BTC for $216 million.
Market Impact: Smaller, staggered sales may minimize price volatility.
👉 Track real-time BTC movements from government wallets
Germany’s Confiscated BTC
Germany’s recent transfers stem from the Movie2k seizure. Unlike the U.S., its sales strategy remains unclear, but transparency tools allow public tracking.
Mt.Gox: 141,685 BTC
After a decade-long bankruptcy, Mt.Gox began cold wallet movements on May 28, preparing for July repayments. Despite concerns, analysts like Galaxy’s Alex Thorn argue actual sell pressure may be lower, as many creditors sold claims to funds earlier.
Key Data:
– Represents 0.72% of circulating supply (~$8.54 billion).
– BCH repayments will mirror BTC volumes.
FAQ: Government BTC Sales
Q: How do government sales affect Bitcoin’s price?
A: Controlled, small batches reduce immediate market shocks versus bulk liquidations.
Q: Can I monitor these wallets myself?
A: Yes! Use blockchain explorers like Arkham Intelligence for real-time tracking.
Q: Will Mt.Gox repayments crash the market?
A: Likely not. Many creditors already sold claims, diluting potential sell pressure.
Tracking Addresses (Markdown Tables)
| Entity | BTC Holdings | Tracking Link |
|---|---|---|
| U.S. Government | 213,546 | View on Arkham |
| Mt.Gox | 141,685 | View on Arkham |
| Germany | 2,000+ | View on Arkham |
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Conclusion
While governments and Mt.Gox hold significant BTC, structured sales and creditor settlements may soften market impacts. Investors should monitor wallet movements but avoid panic reactions.
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