The United States Government Holds Massive Bitcoin Holdings Alongside Other Global States

The United States government, along with other global states like the United Kingdom and Germany, has been revealed as one of the biggest cryptocurrency holders, according to data from Arkham, a crypto intelligence platform. Arkham recently introduced a dashboard that showcases the governments with the largest crypto holdings, shedding light on the significant presence of these countries in the digital asset space.

On April 12, Arkham announced the launch of this new tracking tool, allowing individuals to monitor the real-time balance and transaction history of cryptocurrencies held by governments. The data provided by Arkham indicates that the U.S. government is the largest Bitcoin (BTC) whale among the global states tracked, holding a substantial amount of 212,847 BTC, valued at approximately $15 billion based on current prices.

Following the U.S., the United Kingdom government ranks second in terms of Bitcoin holdings, with 61,245 BTC worth around $4.5 billion. Germany comes in third, owning 49,858 BTC equivalent to roughly $3.5 billion. These figures highlight the significant investments made by these governments in the cryptocurrency market.

Interestingly, the government of El Salvador, which made headlines by becoming the first country to adopt Bitcoin as legal tender in September 2021, holds a comparatively smaller amount of BTC. According to Arkham’s data, the Salvadoran government possesses 5,717 BTC, valued at $405 million at the time of writing.

This revelation underscores the growing interest and involvement of governments in the cryptocurrency space, as they seek to diversify their assets and explore the potential benefits of digital currencies. As this story continues to develop, further information will be added to provide a more comprehensive understanding of the government’s role in the crypto market. #Bitcoin #Cryptocurrencies #Law #Bitcoin Price #United States #Regulation.