Recently, a form claiming that the Chinese government holds 194,000 bitcoins from PlusToken has been widely circulated on the Internet, attracting widespread attention from the market. However, after in-depth investigation, this statement was proven to be false.

It is understood that most of these bitcoins have been sold from the end of 2019 to the middle of 2020, when the price of BTC was between 7,000 and 12,000 US dollars. This has also been confirmed by many OTC merchants. In addition, the statement in the judgment that "the funds and proceeds obtained shall be confiscated according to law and turned over to the state treasury" also confirms this statement to some extent.

On-chain data further confirms that most of the bitcoins have already been sold through Huobi. Therefore, the rumors in the market that the Chinese government holds a large amount of bitcoins are not accurate.