The US government is one of the largest holders of cryptocurrency among countries along with the UK and Germany. This is evidenced by data from Arkham Intelligence.
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Our team created a dashboard featuring the Governments with the largest crypto holdings.
For each country, you can see their current BTC balance, balance history in USD, and a real-time feed of their most recent transactions.
Some of the largest countries on Arkham are the US,… pic.twitter.com/jKRmKJCVfn
— Arkham (@ArkhamIntel) April 12, 2024
Platform for tracking on-chain data introduced a special start with countries’ balance sheets, which also tracks their transaction history.
The United States is the largest Bitcoin whale among governments and, at the time of writing, holds 212,847 BTC worth ~$14.9 billion. Since the beginning of 2023, the US government has added at least 5,000 BTC to its wallets.
In addition, the country has reserves of ETH, USDC, USDT, DAI and other assets totaling about $200 million.
The UK ranks second with a balance of 61,245 BTC worth $4.5 billion. Germany is third with 49,858 BTC worth $3.5 billion.
El Salvador, where Bitcoin has been legal tender since 2021, lags far behind other jurisdictions. Only 5,717 BTC worth $405 million are stored in government wallets.
In March, the country’s President Nayib Bukele revealed the address of the government’s first cryptocurrency. Prior to this, the head of state estimated the unrealized profit from investments in digital gold at 40% or $41.6 million.
Let us recall that in January the US government notified of the planned sale of 2875 BTC confiscated from drug dealers of the Silk Road darknet marketplace, Ryan Faras and Sean Bridges.
In early April, a US government-controlled wallet initiated a transfer of ~2,000 BTC to an address on the Coinbase Prime platform.
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2024-04-12 14:45:11
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