{"id":146936,"date":"2025-01-17T10:00:56","date_gmt":"2025-01-17T08:00:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146936"},"modified":"2025-01-16T23:06:04","modified_gmt":"2025-01-16T21:06:04","slug":"u-s-senator-questions-government-bitcoin-sales-highlights-18-5-billion-in-unrealized-losses","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-senator-questions-government-bitcoin-sales-highlights-18-5-billion-in-unrealized-losses\/","title":{"rendered":"U.S. Senator Questions Government Bitcoin Sales, Highlights $18.5 Billion in Unrealized Losses"},"content":{"rendered":"<p>Her <strong><a href=\"https:\/\/www.politico.com\/newsletters\/morning-money\/2025\/01\/16\/fast-times-fuel-big-bank-high-00198596\" target=\"_blank\">investigation<\/a> <\/strong>highlights concerns over the financial impact of liquidating seized <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>instead of holding it as its value appreciates.<\/p>\n<p>Lummis questioned the agency\u2019s decision to sell 69,370 Bitcoins tied to the Silk Road case, emphasizing the massive current market value of these assets, which now exceeds $6 billion. She argued that retaining the Bitcoin would have been a far more beneficial strategy for American taxpayers.<\/p>\n<p>In a letter addressing the issue, Lummis expressed frustration over the historical handling of seized Bitcoin. Between 2014 and 2023, the U.S. Marshals Service sold roughly 195,092 Bitcoins for $366.5 million. Today, those same Bitcoins would be valued at over $18.9 billion, representing an unrealized loss of $18.5 billion\u2014a 98% decrease in potential value.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/corporate-bitcoin-adoption-poised-for-massive-growth-says-bitwise-cio\/\" title=\"Corporate Bitcoin Adoption Poised for Massive Growth, Says Bitwise CIO\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/bitcoin-2582593_1280-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Corporate Bitcoin Adoption Poised for Massive Growth, Says Bitwise CIO<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Lummis pointed to this discrepancy as a significant mismanagement of public resources, urging immediate action to reassess how seized cryptocurrency assets are handled in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Senator Cynthia Lummis has reportedly launched an inquiry into the sale of Bitcoin by the U.S. Marshals Service, which oversees the Department of Justice\u2019s Bitcoin holdings.<\/p>\n","protected":false},"author":7,"featured_media":138299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-146936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Senator Questions Government Bitcoin Sales, Highlights $18.5 Billion in Unrealized Losses<\/title>\n<meta name=\"description\" content=\"U.S. Senator Cynthia Lummis has reportedly launched an inquiry into the sale of Bitcoin by the U.S. Marshals Service, which oversees the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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