May 30, 2024
Bitcoin News

US Government Revealed Among Top Bitcoin Holders

Arkham, a leading crypto intelligence platform specializing in deanonymizing entities on the blockchain network, has unveiled groundbreaking insights into global cryptocurrency ownership.

According to their latest data, the United States, the United Kingdom, and Germany emerge as prominent figures in the realm of digital asset accumulation.

A Glimpse into Government Crypto Holdings

The revelation comes as Arkham introduces a comprehensive dashboard, providing real-time updates on the cryptocurrency holdings of various governments worldwide. This innovative tool allows individuals to monitor the balance and transaction history of digital currencies held by state entities.

Leading the Pack: U.S. Takes the Crown

The US government is first among nations in terms of cryptocurrency whales.

According to Arkham’s statistics, the United States presently owns 212,847 BTC, which is worth nearly $15 billion at current market values. This huge stake identifies the United States as a major player in the global cryptocurrency environment.

U.K. and Germany Follow Suit

Following closely behind, the United Kingdom and Germany secure their positions as significant cryptocurrency holders.

As per Arkham’s findings, the U.K. government possesses 61,245 BTC, valued at around $4.5 billion, while Germany trails with 49,858 BTC, equivalent to roughly $3.5 billion.

These substantial holdings underscore the increasing adoption of digital assets among traditional financial institutions.

El Salvador’s Crypto Footprint

Despite being hailed as a pioneer in cryptocurrency adoption, the government of El Salvador appears relatively modest in its digital asset holdings.

Notably, El Salvador made headlines in September 2021 by becoming the first country to adopt Bitcoin as legal tender. However, Arkham’s data reveals a comparatively modest holding of 5,717 BTC, valued at $405 million at present.

Arkham’s unveiling of government cryptocurrency holdings sheds light on the evolving landscape of digital asset ownership on a global scale.

As nations continue to navigate the complexities of blockchain technology and decentralized finance, these insights offer invaluable perspectives into the future of monetary policy and financial sovereignty.

Photo by Karolina Grabowsk

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