Among all countries globally, the U.S. government holds the most significant amount of Bitcoins, valued at around $14.7 billion.
Based on Arkham’s information, the U.S. government owns approximately 212,847 Bitcoin in its treasury wallets. This puts them second only to MicroStrategy, which holds 214,246 Bitcoin, currently worth around $14.8 billion.
Our team developed a user-friendly dashboard displaying governments holding the greatest amounts of cryptocurrency. Each country’s entry includes their present Bitcoin balance, past USD value history, and ongoing transaction updates. Some prominent nations on this platform include the United States.
— Arkham (@ArkhamIntel) April 12, 2024
In addition to Bitcoin, the U.S. possesses substantial amounts of digital currencies such as Ethereum (ETH), USDC, and Tether (USDT) stablecoins, collectively worth around $200 million. The British government holds nearly $4.2 billion in Bitcoin, making it the world’s second-largest known cache. Germany follows closely behind with approximately $3.4 billion in Bitcoins. However, according to Arkham Intelligence data, neither country has significant holdings of other cryptocurrencies besides Bitcoin.
In a formal announcement, El Salvador acknowledged Bitcoin as valid currency and holds approximately 5,717 Bitcoins worth around $400 million in their reserves. Despite suffering significant losses from the market crash towards the end of 2022, El Salvador persisted in acquiring more Bitcoins. As a result, their initial investment has since grown by 50%.
During the initial months of 2023, the U.S. added over 5,000 Bitcoins to its holdings. This increase was mainly due to seizures connected to illicit activities, such as the notorious Silk Road case and those involving individuals like Jimmy Zhong and the Bitfinex hackers.
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2024-04-12 18:57