Kingdom

United

Bitcoin

Arkham

April

The United States government is one of the biggest cryptocurrency holders alongside other global states like the United Kingdom and Germany, according to data from Arkham.
Arkham, a crypto intelligence platform focused on deanonymizing entities on the blockchain network, has introduced a dashboard featuring the governments with the largest crypto holdings.
Announcing the news on April 12, Arkham <a href="https://x.com/ArkhamIntel/status/1778741086418059740" target="_blank" rel="noopener nofollow">said</a> that the United States, the United Kingdom and Germany are “some of the largest countries” in terms of crypto holdings.
With the new Arkham tracking tool, individuals can observe the real-time balance and transaction history for cryptocurrencies held by governments.
<a href="https://platform.arkhamintelligence.com/dashboards/view?dashboardID=47d779bb-3c6f-4dd3-8f8e-1f6602e2f631&amp;editMode=false" target="_blank" rel="noopener nofollow">According</a> to the data, the U.S. government is the biggest Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) whale among global states tracked by Arkham, holding as much as 212,847 BTC at the time of writing, worth around $15 billion based on the current prices.
In addition to BTC, the U.S. government also holds around $200 million in other cryptocurrencies like Ether (<a href="https://cointelegraph.com/bitcoin-price">ETH</a>), as well as major stablecoins like USDC (<a href="https://cointelegraph.com/usdc-price-index">USDC</a>) and Tether (<a href="https://cointelegraph.com/tether-price-index">USDT</a>).
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/accee3b0-80e3-4410-8931-ad2988588b43.png">
 <figcaption style="text-align: center;">
 Top governments by Bitcoin holdings. Source: Arkham
 </figcaption>
</figure>
The U.K. government, ranked second, holds 61,245 BTC at the time of writing, worth around $4.5 billion, according to Arkham’s data. The German government owns 49,858 BTC, equivalent to roughly $3.5 billion at the time of writing.
The government of El Salvador — the first country to <a href="https://cointelegraph.com/news/september-7-is-bitcoin-day-in-el-salvador-as-btc-becomes-legal-tender">make Bitcoin legal tender</a> in September 2021 — holds significantly less BTC than other countries tracked by Arkham.
According to the data, the Salvadoran government holds 5,717 BTC, worth $405 million at the time of writing.
Related:&nbsp;<a href="https://cointelegraph.com/news/queensland-australia-crypto-seizure-law-reforms">Queensland law enforcement agency calls for more powers to seize crypto</a>
The release of Arkham’s dashboard of top governments by Bitcoin holdings marks an important milestone in transparency of cryptocurrency assets owned by whales like country states. 
At the same time, it has been a while since the public found out about <a href="https://cointelegraph.com/news/bitcoin-us-government-largest-bitcoin-hodlers-5b-in-btc-report">massive BTC holdings</a> by the United States government.
The dashboard also points to the fact that the U.S. continued to accumulate Bitcoin in the past few years. Since early 2023, the U.S. government has added at least 5,000 BTC, based on Arkham’s data and previous reports.
A significant part of the U.S. government Bitcoin holdings comes from confiscations related to<a href="https://cointelegraph.com/news/silk-road-bitcoin-justice-department-wallet">&nbsp;darkweb market Silk Road</a>, its hacker Jimmy Zhong, as well as the hackers of crypto exchange Bitfinex.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/defi-wrong-not-market-synthetix-founders-plan-to-fix-it/">Synthetix founder: It’s DeFi that’s wrong, not the market</a>

US gov’t among states with largest Bitcoin holdings — Arkham

Cointelegraph

Muita 12. huhtik. 2024 julkaistuja artikkeleja

Hong Kong Nearing Approval for Spot Ethereum ETFs Ahead of U.S

'Dogecoin Killer' Shiba Inu's Daily Transactions Surge 3,555%, Burn Rate Spikes To 1,465%

Influential Analyst Predicts the Level Bitcoin Will Reach in May

Economist warns ‘too many people long Bitcoin,’ will end up disappointed

Ark Investment Bets Big on OpenAI with $54 Million Fund

XRP Ledger (XRPL) Welcomes Crucial NFT Amendment on Mainnet

Join our free newsletter for daily crypto updates!