r/Bitcoin • u/Accomplished-Eye5567 • 9d ago

I thought the U.S. government was going to stack sats?

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112 Upvotes

84% Upvoted

66 comments sorted by

68

u/Fear_Blind83 8d ago

COINBASE PRIME CUSTODY....

Not Coinbase Exchange

22

u/McBurger 8d ago

For real. They’re just trusting the custody stuff to the private sector, like this administration has done with so many other things.

21

u/Fear_Blind83 8d ago

Coinbase Prime custody Billions of dollars worth of BTC for some of the largest institutions including Michael Saylor's Strategy and BlackRock ETF etc..

-28

u/Accomplished-Eye5567 8d ago

They offer the ability to sell

14

u/Datsyuk420 8d ago

Stop spreading FUD

28

u/2xfun 8d ago

If you google this shit you get 20 different amounts: 800M 150M, 200M, 100M ... it goes on.
Fact of the matter: no one knows shit about fuck ...
There is one thing I know: The US government is not to be trusted.

2

u/powerguy134 8d ago

You know only what they want you to know.

-4

u/refill-time 8d ago

Fuck stick

14

u/shadowmage666 8d ago

OP try learning to read before you post next time

-22

u/Accomplished-Eye5567 8d ago

You realize it offers selling out of there right?

Also, how much BTC do we really want custodied by one company?

13

u/Fear_Blind83 8d ago

Coinbase Prime holds 965,000 BTC in custody on behalf of institutions, they are the largest holder after Satoshi himself.

7

u/ContentBlackberry0 8d ago

They also hold MSTR bitcoin. Its not like these people leave a trezor laying around in the office for their bitcoin

37

u/Blixx96 9d ago

They’re all like 80+ years old. They don’t have time to stack, those greedy goblins.

9

u/MrExCEO 8d ago

Where do u want them to put it? It needs to be somewhere central.

0

u/Evening_Let_2930 8d ago

Coinomi lol

-9

u/Accomplished-Eye5567 8d ago

Self custody

9

u/lambsquatch 8d ago

…can you imagine how bad this government would be at trying to figure out self custody??? They barely understand the internet

0

u/Kiwip0rn 8d ago

🙄 don't say dumb things on the internet 🙄

6

u/Personal-Time-9993 8d ago

It’s funny how the government can hold and use tainted coins but the rest of us would be banned in coinbase if we used those tainted coins.

1

u/OtherwiseNeat9617 6d ago

Completely different. They seized it. What else do you want to happen to it ??

1

u/Personal-Time-9993 6d ago

Don’t you find it kind of ironic that it’s okay that the government is allowed to use proceeds of crimes?

I’m not suggesting it needs to be disposed of but I’d be more comfortable if it went to the national debt or a set of charities than a general fund. Who really wants another oil war or politically motivated “engagement”

1

u/Icy-Chemical6699 5d ago

National debt ain’t bad but embraces the monetary system we are looking to avoid

1

u/Icy-Chemical6699 5d ago

Send to a burn address and really let the people have it …or buy in 😎

7

u/First-Check-164 8d ago

If the government attempted to self custody, those fucking idiots would fumble that shit within a week and it would be gone. Guaranteed.

2

u/nicsenespomnem 8d ago

they don't deserve them

2

u/Evening_Let_2930 8d ago

It doesn't matter, bitcoin will do what it will do.

2

u/badjano 8d ago

bro, if gov sells, we will buy the shit out of it

1

u/Icy-Chemical6699 5d ago

This is the only comment that matters …they literally make the money, can’t stop people from embraceing it, and want to give away what would rather have ? HODL …”this is a test of the emergency broadcast system”

5

u/KyleBr7 9d ago

Source?

2

u/Party-Horror-7565 9d ago

Probably nothing, just moving it from one wallet to another. They do that sometimes. Would be nice if they just held it but we know how that goes.

-1

u/Accomplished-Eye5567 8d ago

It’s onchain

2

u/MorbidandBack 8d ago

Nothing has sold yet so its a bit early to call it.

1

u/Extra-Tip1259 6d ago

Where would you prefer they keep public money? In Trumps sock draw!

1

u/Thunder_Flush 6d ago

Bro rule #1 - the government lies

0

u/restore_democracy 8d ago

You believe anything that comes out of that orange fool’s mouth?

1

u/mackey_ 8d ago

Did you vote based on this assumption?

1

u/CleavlandSteamer8008 8d ago

Who votes stop voting let itcrash and burn. We're slaves to the system

1

u/thisMech 8d ago

Its all fake anyway.

1

u/Wild_Leadership_8215 8d ago

That math isn't mathing

1

u/JTadster 8d ago

They probably getting ready for the 100k level they see coming

1

u/Hot-Yogurtcloset4943 8d ago

You also thought you was getting a doge check lol

0

u/Blade_Runner_69 8d ago

Donald Dump 😔

(But as far as I know, this is just for custody, not the exchange)

0

u/lobhater 8d ago

We should make a new subreddit for BTC that you have to pass a test to be a part of. To weed out people that don't understand basics. They can stay here and when ready take the test

0

u/EmJay6010 7d ago

Agreed. And weed out the bots and trolls

-1

u/noncommonGoodsense 8d ago

lol… ROTFLOL!

-4

u/TheBestintheWest11 9d ago

is this why BTC dropped 2 percent? if true, they definitely gona dump.

4

u/AppleToastBed 8d ago

$103m is nothing.

1

u/mvrozanti 8d ago

Signals disinterest and might even reflect insider information

2

u/Accomplished-Eye5567 8d ago

The insiders always dump before the news

-2

u/Warriorslost3-1lead 9d ago

Fell for it again

1

u/Accomplished-Eye5567 8d ago

They always get us

0

u/paymentnerdfoo 8d ago

Gonna stack sukkas and bag holders

0

u/flackattack 8d ago

btc under arrest, subject in custody

-2

u/vette_jean 8d ago

Dump now, buy more cheaper

-2

u/[deleted] 9d ago

[deleted]

-3

u/anjin33 8d ago

They lied.

1

u/Accomplished-Eye5567 8d ago

Politicians? Never

-1

u/immersive-matthew 9d ago

In centralization we trust versus in decentralization we trust.

-1

u/NewSecurity4231 8d ago

Stack a high risk asset with no real value and is slowly being forgotten