US government moves Bitcoin in possible test transfers
Summary
The US government moved approximately 0.04 Bitcoin (over $2,500) from a wallet containing funds seized in the Miguel Villanueva case, sparking speculation about testing activity. This transfer comes as the government builds infrastructure for the Strategic Bitcoin Reserve, currently holding around 328,372 BTC—making it the largest sovereign holder. Lawmakers are considering the Bitcoin Act, which would authorize annual Bitcoin purchases and formalize management of the nation’s digital asset portfolio, treating it like gold reserves. Previously, the US typically sold seized Bitcoin, potentially missing out on significant gains as its value increased.
(Source:Crypto Briefing)