Galaxy Research Director: The US government can invest a maximum of 88,000 BTC in strategic reserves, and more than 110,000 must be returned to Bitfinex

Odaily News Alex Thorn, head of research at Galaxy Digital, said in a post on X: “We believe that the current balance of Bitcoin available for the US government to use as a strategic reserve is at most 88,000 BTC, which is only 43% of the current government holdings. This is because 112,000 BTC of the approximately 198,000 BTC currently held by the US government will be returned to Bitfinex.”
Odaily Note: The large amount of BTC held by the US government comes from the investigation of the Bitfinex theft case that year. The original case occurred in August 2016, and about 120,000 BTC were lost during the theft. Bitfinex is trying to recover this part of BTC, and it is expected that a lengthy legal process will still be required in the future.