US, UK, and Germany Top Government Holders of Bitcoin, Reveals Arkham
Summary:
Arkham, a crypto intelligence platform, reveals the US, UK, and Germany are among the world's largest government holders of cryptocurrencies. The platform's data indicates that the US is the top Bitcoin holder, with approximately $15 billion, followed by the UK with around $4.5 billion and Germany with nearly $3.5 billion. Conversely, El Salvador, the first nation to legalize Bitcoin, holds about $405 million in Bitcoin, significantly less than these countries.
Arkham, an intelligence platform specialising in breaking down anonymity in blockchain networks, discloses that some of the largest cryptocurrency owners are governments themselves, with the US, UK, and Germany leading the pack. The platform recently launched a new feature enabling users to view in real-time the balance and transaction histories of cryptocurrencies owned by different governments. The data sheds light on the US as the top holder of Bitcoin globally, boasting an ownership of 212,847 BTC, which, based on current market prices, is worth approximately $15 billion. Right behind the US is the UK, with holdings of 61,245 BTC valued at around $4.5 billion, followed by Germany with 49,858 BTC, equivalent to nearly $3.5 billion. Interesting to note is the stark contrast with El Salvador, the first country to officially accept Bitcoin as legal tender in 2021, whose holdings of 5,717 BTC, worth about $405 million, are significantly smaller compared to other world governments. The story is still unfolding, and fresh information will be updated as it emerges.
Published At
4/12/2024 3:40:42 PM
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