US Govt Emerges as Bitcoin Whales as Bitcoin Halving Hits

According to a recent study by Arkham, the US government now owns the greatest quantity of Bitcoin among all nations, with approximately 212,847 coins – currently worth roughly $15 billion.

US Govt Emerges as Bitcoin Whales as Bitcoin Halving Hits

The UK and Germany rank high among countries with the most Bitcoin ownership, holding approximately 61,245 BTC and 49,858 BTC respectively. Moreover, the US government holds substantial quantities of Ethereum, stablecoins, and other cryptocurrencies valued over $200 million in total.

Unexpected government involvement in cryptocurrencies underscores their increasing relevance and influence, contradicting the common perception that this market is exclusively driven by individual investors.

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2024-04-13 12:04