The United States is seeking the forfeiture of 20.2 Bitcoin, worth approximately $2.4 million, recently seized by the Dallas FBI from a ransomware group known as Chaos. The civil complaint, filed in the Northern District of Texas, alleges that the crypto was tied to proceeds from ransomware attacks.
The seizure, carried out on April 15, aims to add the BTC to the proposed U.S. Strategic Bitcoin Reserve, a new initiative outlined in a March 6 executive order.
This reserve would be formed from crypto assets confiscated through criminal and civil asset forfeiture, giving the U.S. a formal mechanism to accumulate digital assets.
Conflicting Reports on U.S. Bitcoin Holdings
While analytics firms such as Arkham and BitcoinTreasuries estimate the U.S. government holds over 198,000 BTC, questions have recently emerged regarding the accuracy of those figures.
A recent freedom of information request revealed the U.S. Marshals Service (USMS) holds only 28,988 BTC, casting doubt on public estimates.
However, experts argue that other agencies like the FBI, DEA, and DOJ may also control significant Bitcoin reserves, often held in separate custody outside the USMS.
“Many of these Bitcoins are seized but not yet forfeited — meaning the government may not legally own them yet,” explained a leading blockchain researcher.
States Are Joining the Bitcoin Reserve Trend
The Bitcoin strategic reserve movement is also gaining traction at the state level. Arizona, Texas, and New Hampshire have passed legislation establishing or exploring state-level Bitcoin reserves, while at least 30 other states have introduced similar bills.
Dozens of these bills have failed to make it past the first legislative committee, highlighting the mixed reception across the country.
The push to formalize Bitcoin reserves at federal and state levels reflects growing belief in Bitcoin as a strategic asset. With institutions now adopting long-term Bitcoin holdings, the U.S. appears poised to treat BTC as digital infrastructure, not just seized property.
If more forfeitures succeed, the U.S. may soon become one of the largest institutional holders of Bitcoin globally.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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