2024

Bitcoin

Arkham

According to data from Arkham Intelligence, the U.S. government currently holds over 183,000 Bitcoin, valued at approximately $12 billion, making it the largest governmental holder of the cryptocurrency..&nbsp;
Additionally, the government possesses 50,000 Ether, $121 million in Tether, 40,000 Binance tokens, and over 10 million Circle’s USD Coin.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcxcj92l5S5_7iM9t6w1JsK_cGXRAOrwX3r7_XC5d_wl50OCKc0HWg0INYmQhkhro4LqK02K9oTFxsKNkE6XE7Q6SFqbC14JoKYriCn1Sz5vEHqKfLwE4GaNuuFmffRVyYWbyCEqcJviT8XNuQUbDEVUUmn?key=S0BFqyfILO4-myJkY04XpA" alt="AD 4nXcxcj92l5S5 7iM9t6w1JsK cGXRAOrwX3r7 XC5d wl50OCKc0HWg0INYmQhkhro4LqK02K9oTFxsKNkE6XE7Q6SFqbC14JoKYriCn1Sz5vEHqKfLwE4GaNuuFmffRVyYWbyCEqcJviT8XNuQUbDEVUUmn?key=S0BFqyfILO4 myJkY04XpA">
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 Image Source: <a href="https://platform.arkhamintelligence.com/explorer/entity/usg" target="_blank" rel="noopener noreferrer nofollow">Arkham Intelligence</a>
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Recent data shows that the government’s latest transaction involved <a href="https://www.cryptotimes.io/2024/07/30/us-gov-moves-2b-silk-road-bitcoin-price-drops-below-67k/" rel="noopener noreferrer nofollow">29,800 Bitcoin</a> to an unidentified wallet on July 29, underscoring the recent trending strategic management of its crypto assets.
At the Bitcoin 2024 conference in Nashville, Tennessee, Senator Cynthia Lummis <a href="https://www.cryptotimes.io/2024/07/28/sen-lummis-proposes-u-s-to-buy-5-of-global-bitcoin-supply/" rel="noopener noreferrer nofollow">introduced</a> a bill to designate Bitcoin as a strategic reserve asset. She proposed that the U.S. should acquire 5% of Bitcoin’s total supply to reduce national debt and fight inflation.
Former President Donald Trump, during his keynote address at the conference, <a href="https://www.cryptotimes.io/2024/07/28/trumps-maga-memecoin-drops-9-after-nashville-speech/" rel="noopener noreferrer nofollow">supported </a>retaining the government’s Bitcoin holdings. Trump emphasized his desire to foster a robust Bitcoin industry in the U.S., free from excessive regulation.
Moreover, residential candidate Robert F. Kennedy Jr. also <a href="https://www.cryptotimes.io/2024/07/27/rfk-jr-promises-strategic-economic-plan-for-bitcoin-if-elected/" rel="noopener noreferrer nofollow">proposed</a> a similar idea and vowed to transfer the government’s Bitcoin to the Treasury and acquire 500 Bitcoin daily until the U.S. held 4 million Bitcoin if elected as president.&nbsp;
Despite this support, skepticism remains as Ari Paul, CIO at BlockTower Capital, estimates only a 10% chance of adopting Bitcoin as a strategic reserve asset by 2028. He argues that informal political promises are insufficient to establish an official Bitcoin reserve.
As the U.S. government’s crypto holdings grow, the debate over Bitcoin’s role in national economic strategy heats up, potentially reshaping the future of digital assets on the geopolitical stage.

U.S. Government Holds $12B in Bitcoin — Arkham

The Crypto Times

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