US Seizes Nearly $1 Billion in Iranian Crypto Assets, Treasury Secretary Says

US has seized nearly $1 billion in crypto from Iran, Bessent says

The US has seized ~$1 billion in Iranian crypto assets — double its April estimate — by directly confiscating wallets tied to sanctions evasion worth $400–500M/month. With 328,372 BTC (~$24B) in its strategic reserve, the US is now the world's largest state Bitcoin holder, signaling that asset forfeiture is an active government accumulation mechanism with direct implications for crypto market supply dynamics.