UPDATE: US Government Crypto Holdings Down Since Bitcoin’s ATH
The U.S. government’s cryptocurrency holdings have declined by about $11.8 billion since Bitcoin hit its all-time high, reflecting broader market price moves and valuation changes in BTC and other digital assets.
Despite this drop, the government still holds around $29.5 billion worth of crypto, mainly seized Bitcoin and other assets from enforcement actions.
This highlights how even large holders are affected by market volatility value can go down significantly even without selling.