Official Confirmation: No Bitcoin Has Been Sold

Patrick Witt, Executive Director of the White House Digital Assets Advisory Committee, publicly confirmed that the allegations are unfounded. According to Witt, the US Department of Justice (DOJ) has formally verified that Bitcoin seized in connection with the Samourai Wallet case has not been sold or liquidated.

Witt emphasized that these digital assets remain under government custody and have not entered any disposal or liquidation process. This clarification directly contradicts earlier speculation that the government had actively moved seized Bitcoin into the market.

Strategic Bitcoin Reserve Framework

A key element of the clarification relates to the Strategic Bitcoin Reserve (SBR). Witt explained that the confiscated Bitcoin is being managed in accordance with Executive Order 14233, signed by President Donald Trump. This directive instructs federal agencies to retain seized Bitcoin as part of a strategic reserve rather than selling it.

Under this framework, Bitcoin obtained through legal forfeiture is recorded on the US government’s balance sheet and preserved as a long-term strategic asset. Witt reiterated that DOJ confirmation leaves no ambiguity: the Bitcoin linked to the Samourai Wallet case will continue to be held within the SBR structure.

How the Rumors Emerged

The controversy originated on January 5, when several crypto-focused media outlets reported that approximately 57.55 BTC seized from Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill had allegedly been sold via the US Marshals Service (USMS). These reports also suggested that such a sale could potentially violate Executive Order 14233.

The absence of immediate official clarification allowed the claims to circulate widely, fueling uncertainty across crypto markets. However, the latest statements have now firmly dispelled those narratives.

Clarity Restored for the Market

With the official denial now on record, it is clear that the US government has not engaged in Bitcoin sales related to this case. Instead, federal agencies are treating seized BTC as a strategic reserve asset with long-term considerations.

This development highlights a broader shift in how governments may approach digital assets—not merely as confiscated property to be liquidated, but as strategic holdings within national financial frameworks. For market participants, the clarification removes a key source of uncertainty and reinforces the importance of verified information in crypto-related policy discussions.

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Speculators sent over 80,000 BTC to exchanges at a loss as BTC/USD hit 15-week lows.

The latest data from blockchain analytics platform CryptoQuant suggests the largest loss-taking sell-off of 2025.

BTC Speculators Sell Below Cost

Bitcoin short-term holders (STHs) — those holding for up to 155 days — appear to have panicked during the latest crypto market downturn.

As BTC/USD dropped below $86,000 on February 25, these speculators sent a massive 79,300 BTC ($7 billion) to exchanges within a 24-hour period.

“This is the largest Bitcoin sell-off of 2025,” CryptoQuant contributing analyst Axel Adler Jr. commented while sharing the data on X.

The chart shows the highest rolling 24-hour loss-making transactions so far this year. While it doesn’t confirm whether users sold the coins sent to exchanges, the data highlights the atmosphere of uncertainty among newer market participants.

“Yesterday’s price drop likely triggered panic selling, and if further corrections occur, similar behavior could reemerge,” fellow contributor Avocado_onchain continued in a “Quicktake” blog post on February 26.

The post analyzed the spent output profit ratio (SOPR) metric, which tracks the ratio of coins moved at a profit or loss on-chain.

STH-SOPR dropped to 0.964 on February 25, marking its lowest level since the peak of the Japanese yen carry trade unwind in August of last year.

“On the other hand, long-term holders have remained largely unaffected by the recent downturn, continuing to hold their assets and providing support against further price declines,” Avocado_onchain observed.

“Nothing to Be Worried About”

Continuing, James Check, creator of the onchain data resource Checkonchain, noted that crossing the $90,000 mark for the STH group would be a key turning point.

“It’s interesting that the support level around $90,000 should hold, but below that, there isn’t much,” he said.

Check also pointed out that “very little” of the BTC supply has changed hands between the old highs and current local lows.

While discussing the panic-driven market behavior of the week, popular Bitcoin figures called for a more composed approach.

For digital asset lawyer Joe Carlasare, the euphoria following Bitcoin’s breakout above its previous all-time highs of $73,800 has skewed perceptions of its potential.

“The panic is palpable. In December, everyone said Bitcoin couldn’t go down. ‘Nation state bid is here, bro!’ Now they think it can’t go up,” he summarized on X.

“Reality? Bitcoin overshoots both ways. Could it go lower? Sure. But this is the buy zone. Nothing to be worried about.”

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