BITCOIN SEASON 2: The US Government Is Hiding Its Bitcoin Stash
Investigative journalism reveals US Marshals hold only 29K Bitcoin, not 200K as widely believed. We explore the difference between seized vs forfeited assets and why government Bitcoin tracking is so confusing.
ABOUT
Charlie and Colin dive deep into investigative journalism that reveals the US government's Bitcoin holdings are far more complex than anyone realized. After a $10K bounty led to a FOIA request, we discovered the US Marshals Service holds just 29,000 Bitcoin - not the 200,000 widely reported. We explore seized vs forfeited assets, government custody practices, and why Senator Lummis got it wrong.
Subscribe to the newsletter! https://newsletter.blockspacemedia.com
**Notes:**
• US Marshals hold 29,000 Bitcoin worth $3.4B
• Arkham shows 198,000 Bitcoin for US government
• US sold 195,000 Bitcoin for $366.5M total
• Bitfinex hack involved 94,000 seized Bitcoin
• Government peak holdings: 237K Bitcoin (2022)
• $10K bounty offered for Marshal data
Timestamps:
00:00 Start
00:47 Lola investigates
05:27 29k BTC
11:03 Politicians enter the chat
17:47 Government custody providers
-
👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
Enjoy the show? Check out our website and newsletter by clicking here.
Questions or want to sponsor? [email protected]
EPISODES
The Growing Dominance of Crypto KOLs
Exploring the rise of crypto KOLs with Celo Co-Founder Rene Reinsberg and 'Binance Blockchain 100' Award Winner Leon....
15 hours ago
THE MINING POD: ABTC Investor Unlock, IREN’s $3.6B Capital Raise, Greenidge’s Fire and Land Sale
On today’s news roundup, the gang covers the American Bitcoin investor unlock that sunk the ABTC share price this wee...
16 hours ago
The Blockspace Pod: The Conspiracy Was True: Operation Chokepoint 2.0
A new House report confirms the Biden Administration's coordinated, extralegal "Operation Chokepoint 2.0" to debank t...
Dec 3, 2025
THE MINING POD: CleanSpark FY 2025 Recap: It's Not an AI Pivot, It's an Expansion w/ Matthew Schultz
CleanSpark CEO Matt Schultz joins us to discuss CleanSpark’s fiscal year 2025 earnings.
Dec 2, 2025

The Mining Pod
Feb 10, 2025

CoinDesk Podcast Network
The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.
Dec 20, 2023

Markets Outlook
Tune in as CoinDesk runs down action in the crypto market and some of the most important recent industry development.
Dec 19, 2023

Unchained
Unchained, your no hype resource for all things crypto by former Forbes senior editor Laura Shin, author of The Cryptopians.
Dec 18, 2023
