The U.S. now holds over 200K BTC in a national reserve.
Are you sure these coins (regardless of what the correct number is) are held as "national reserve" and not just as regular seized assets where the federal government seizes from criminals and eventually auctions when the court process is over?
The difference is fundamental...
I also thought as much but couldn't say because I don't have any evidence to back up my claims. However but now that I have seen someone who have said my mind which means I'm likely saying the truth that these Bitcoin reserve funds the government is holding is actually taken from criminals and other civil cases. The government do not consider selling them if because they already know that Bitcoin is a good store of value which means with time it will worth more than what they collected from those criminals. Because of these they will continue to acquire more Bitcoin.