In a recent post on X, Alex Thorn, Head of Research at Galaxy Digital, highlighted critical insights regarding the US government’s Bitcoin holdings. According to Thorn, the government currently possesses approximately 198,000 BTC, of which only 88,000 BTC can be allocated as part of its strategic reserve, constituting merely 43% of its total Bitcoin assets. A significant component of these holdings stems from the infamous Bitfinex hack in August 2016, during which 120,000 BTC was stolen. Efforts by Bitfinex to reclaim these assets are ongoing and are expected to unfold over an extended legal period. This scenario underscores the complexities faced by governmental entities in managing digital assets, especially in light of recovery efforts tied to high-profile cybercrimes.
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