🇺🇸 USA Moves 10,000 BTC

FBI Silent on Satoshi and 45% of BTC Not Moved in 6 Months                                                                                                                                                                                                                                                                                                                                                                                                                 August 15, 2024 | [Read Online]( 🇺🇸 USA Moves 10,000 BTC FBI Silent on Satoshi and 45% of BTC Not Moved in 6 Months [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Bitcoin%20Minimalist&body=%F0%9F%87%BA%F0%9F%87%B8%20USA%20Moves%2010%2C000%20BTC%3A%20FBI%20Silent%20on%20Satoshi%20and%2045%25%20of%20BTC%20Not%20Moved%20in%206%20Months%0A%0Ahttps%3A%2F%2Fbitcoinminimalist.com%2Fp%2Fusa-moves-10000-btc) First time reading? I’m [Jordan](, and this is The Bitcoin Minimalist. Every Tuesday & Thursday, we scour 100s of sources to bring you need-to-know Bitcoin insights. Today we’re covering: - U.S. government transfers 10,000 Bitcoin, - FBI keeps Satoshi Nakamoto identity secret, - 45% of Bitcoin supply unmoved, - And everything else you need to know. —Jordan Bitbo launched Bitbo Pro! Get our monthly reports & analysis to know EXACTLY what’s happening with Bitcoin and its price. Get alerts when the BTC price hits key highs and lows, and more charts & data you can’t get anywhere else! [GET BITBO PRO]( WHAT WE’RE WATCHING 🕵️‍♂️ [The FBI issued a Glomar response to a FOIA request on Bitcoin creator Satoshi Nakamoto.]( This response neither confirms nor denies the existence of related records. The reply hints Satoshi could be an individual, further fueling speculation about the true identity of Bitcoin's founder. 💼[The U.S. government transferred nearly $600M worth of Bitcoin (10,000 BTC) from Silk Road seizures to Coinbase.]( Analysts suggest it’s unlikely the Bitcoin will be sold, possibly indicating it’s for safekeeping or trading under a recent partnership between the DOJ and Coinbase Prime. 📉 [Bitcoin dropped 5% to below $59,000 on August 14, despite lower-than-expected U.S. inflation data.]( BTC briefly spiked to $62,000 before falling $3,000 within an hour. 📊 [Nearly 45% of Bitcoin's supply has remained unmoved for six months, despite recent price volatility.]( Long-term holders reduced sell-offs after the March all-time high, with wealth held by these investors reaching historically high levels, indicating strong confidence in Bitcoin's future. 💼 [Marathon Digital completed a $300 million offering of 2.125% convertible senior notes due 2031.]( Marathon used $249 million to purchase 4,144 Bitcoin at an average price of $59,500. The remaining proceeds will be used for additional Bitcoin acquisitions and general corporate purposes. 📈 [The Norwegian sovereign wealth fund's indirect Bitcoin holdings surged 62% in the first half of 2024, reaching 2,446 BTC.]( This growth stemmed from investments in companies like MicroStrategy and Marathon Digital, with no direct strategy to increase Bitcoin exposure. Total fund assets are valued at $1.7 trillion. IN THE LOOP Coinbase [resumed]( services in Hawaii after the state eased Bitcoin licensing rules. Goldman Sachs [disclosed]( over $400 million in spot Bitcoin ETF investments. Dr. Bradley Rettler uses philosophy to [explore]( Bitcoin's potential at the University of Wyoming. Vanguard CEO Salim Ramji [said]( the firm won't launch Bitcoin ETFs. President Biden [insisted]( the U.S. would have a "soft landing" when asked about beating inflation. MASSIVE BTC MOVE US Government Moves 10,000 Bitcoin to New Wallet $594M Transfer: [The US government has moved 10,000 Bitcoin, worth nearly $594 million, to a new wallet.]( This follows a similar transfer of 29,800 BTC just two weeks earlier. Silk Road Seizure: The Bitcoin transferred was originally seized during the Silk Road raid. [The US government remains the largest geopolitical holder of Bitcoin](, with around 203,000 BTC, valued at approximately $12 billion. Ongoing Activity: These transactions highlight ongoing significant activity by the US government in managing its Bitcoin reserves, as its unclear whether they will be sold. POLL Is the US government intentionally moving Bitcoin for politically motivated reasons? [👍 Yes]( [👎 No]( [Other (please comment)]( TUESDAY’S POLL RESULTS Will tax agencies around the world move to target Bitcoin holders? 👍 Yes - 81.8% 👎 No - 12.1% Other - 6.1% Other - “The globalists won’t go down without a fight” - Chris VIDEO [River's new video explores how Bitcoin can help the US reduce its $35 trillion debt.]( With Bitcoin's limited supply and rapid growth, holding just 5% could pay off a significant portion of the national debt, just like El Salvador has profited from its Bitcoin reserve. CHARTS & DATA 29 - The [Bitcoin Fear & Greed Index remains low](, and dropped again down to 29. -4.19% - Yesterday, [Bitcoin’s difficulty adjusted downwards by 4.19%](, meaning hashrate growth is slowing down. [Hash ribbons]( are being monitored closely. 📊 Bitbo has launched five new HODL Wave charts: [2YR](, [3YR](, [5YR](, [7YR](, and [10YR](. These charts track the percentage of Bitcoin that hasn't moved in those timeframes, offering insight into long-term holder behavior and market sentiment. New Bitbo Charts Never miss Bitbo's newest charts. Get an email when we post new charts. [Subscribe]( MORE FROM OUR COMPANY The Bitcoin Minimalist is run by Bitbo. Browse our most popular pages across our sites: [Bitbo Dashboard](: View live price action, monitor on-chain data, and track key economic indicators - all for free. [Bitbo Pro:]( Analytics & intelligence to supercharge your Bitcoin investing & trading. [Bitbo Charts:]( Useful Bitcoin charts, featuring on-chain metrics and other Bitcoin analysis. [Bitbo Store:]( Shirts, hats, hoodies, mugs, and other merch for Bitcoiners. [Halving Clock:]( Track the countdown to the Bitcoin halving with our Bitcoin halving clock. Share Bitcoin Minimalist You currently have 0 referrals, only 1 away from receiving Free Report: Why Bitcoin Will Continue to Grow. 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