It’s not every day the U.S. government quietly adds $15 billion in Bitcoin to its balance sheet – without authorizing a single purchase.
Last week, the Department of Justice announced the largest crypto forfeiture in U.S. history: roughly 127,000 BTC linked to an international fraud network led by Cambodian billionaire Chen Zhi. The Bitcoin was recovered from unhosted wallets and is now in federal custody.
At first glance, it’s a simple enforcement story. But look a little closer, and it’s something more consequential – a real-world example of how Washington’s Strategic Bitcoin Reserve (SBR) may begin to take shape in practice.
Read the entire article: The Quiet Expansion of the USA’s Bitcoin Balance Sheet