The United States is steadily buying and holding Bitcoin, according to research from Chainalysis first published by Bitcoin Magazine. The firm's conclusion is that the government is HODLing. That means keeping Bitcoin rather than selling it. Bitcoin Magazine's story gives no public figure for how much the U.S. has bought, so the scale is unknown.
The U.S. is accumulating Bitcoin instead of selling it
Chainalysis tracks blockchain flows, which are the movements of Bitcoin between addresses. Its research shows U.S.-linked addresses adding to their holdings rather than sending coins to exchanges where they would be sold. Buying here means the government acquires Bitcoin through seizures or purchases and then holds it.
Most governments that end up with Bitcoin sell it quickly, often through auctions. Holding it treats Bitcoin like a reserve asset instead of seized property to be liquidated. The report does not say whether the buying is a one-time event or an ongoing habit.
Digital dollars handle the actual trade
The report's headline sets up a contrast: the world runs on digital dollars while the U.S. accumulates Bitcoin. In that framing, digital dollars handle payments and trading day to day. Bitcoin, by comparison, gets held as a store of value.
Bitcoin Magazine's story does not name which digital dollars or how much trade moves through them. That figure is not public. The clear point is the split in behavior: one asset for spending, another for saving.
No public number puts a size on the buying
Bitcoin Magazine's report gives no dollar amount, no Bitcoin amount, and no date range for the U.S. buying. Chainalysis says the government is holding steady, but neither it nor Bitcoin Magazine publishes the total held. Any specific number you see elsewhere is unverified.
Until Chainalysis or the government releases a figure, the open question is scale, not direction. The direction is clear: the U.S. is not selling. Watch the public blockchain addresses tied to U.S.
Bitcoin seizures and purchases. The next movement there will show whether the buying continues or the stack finally gets sold. That on-chain record is the number that will resolve the question.