Donald Trump

Bitcoin

Silk Road

Arkham

President Donald Trump

<h4><strong>New data from Arkham Intelligence ranks the US government as one of the largest Bitcoin holders. The data claims the US government holds 183,000 bitcoins valued at almost $14 billion. </strong></h4>
<p>This makes the US the largest geopolitical Bitcoin holder.</p>
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            <h5><strong>US Government’s $12B Bitcoin Holdings Revealed</strong></h5>
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<p>Interestingly, Bitcoin is not the only cryptocurrency in the US government’s portfolio. According to <a href="https://platform.arkhamintelligence.com/explorer/entity/usg" target="_blank" rel="noopener noreferrer nofollow">Arkham Intelligence</a>, the US government holds 50,000 ETH, $121 million USDT, $10 million worth of USDC, and 40,000 BNB tokens.</p>
<p><img fetchpriority="high" decoding="async" class="wp-image-147016 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvcfvfd-300x239.png" alt="" width="533" height="424" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvcfvfd-300x239.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvcfvfd.png 639w" sizes="(max-width: 533px) 100vw, 533px"></p>
<p>The U.S. government <a href="https://www.altcoinbuzz.io/cryptocurrency-news/us-transfers-2b-in-bitcoin-after-trumps-promise/" target="_blank" rel="noopener noreferrer nofollow">moved</a> $2 billion worth of seized bitcoin on Monday, causing prices to drop even more. Arkham also reported that a government wallet labeled “U.S. Government: Silk Road DOJ” transferred 29,800 BTC, linked to the Silk Road website, to an unknown wallet.</p>
<p>This wallet then sent 19,800 BTC and 10,000 BTC (valued at $650 million) to two different addresses. Analysts at the blockchain intelligence firm think the 10,000 BTC transfer was likely to a big financial institution.</p>
<h5><strong>Big Plans for BTC in the US</strong></h5>
<p>Although the US is yet to have a formal policy guiding crypto activities, Bitcoin is emerging as a major asset for the nation. Interestingly, Tennessee Senator Cynthia Lummis <a href="https://www.altcoinbuzz.io/cryptocurrency-news/lummis-proposes-1m-btc-reserve-to-reduce-u-s-debt/" target="_blank" rel="noopener noreferrer nofollow">expressed</a> plans for legislation seeking to make Bitcoin a strategic reserve asset of the US. She shared this at the recently concluded Bitcoin Conference in Nashville.</p>
<p><img decoding="async" class="wp-image-147018 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfgghhgj-300x260.jpg" alt="" width="475" height="412" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfgghhgj-300x260.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfgghhgj.jpg 400w" sizes="(max-width: 475px) 100vw, 475px"></p>
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/SenLummis/status/1817302883894722687" target="_blank" rel="noopener noreferrer nofollow">X</a></strong></h6>
<p>The US Senator explained that the plan involves buying up 5% of Bitcoin’s total supply to fight inflation and reduce national debt. Lummis likened this proposal to the US purchase of the American Midwest from France in 1803, calling it a modern version of the deal.</p>
<p>Other US political leaders have recently shared their plans for cryptocurrency and the industry at large. Former President Donald Trump <a href="https://www.altcoinbuzz.io/cryptocurrency-news/trumps-bold-bitcoin-agenda-for-2024/" target="_blank" rel="noopener noreferrer nofollow">expressed plans</a> to make Bitcoin a part of his administration if elected.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/arkham-intelligence-us-govt-holds-13b-worth-of-bitcoin/" rel="noopener noreferrer nofollow">Arkham Intelligence: US Govt Holds $13B Worth of Bitcoin</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Arkham Intelligence: US Govt Holds $13B Worth of Bitcoin

Altcoin Buzz

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