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

cyptouser2 months agoCryptocurrencies News33

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 said 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.

According to the data, the U.S. government is the biggest Bitcoin (BTC) 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.

Top governments by Bitcoin holdings. Source: Arkham

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 make Bitcoin legal tender 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.

This is a developing story, and further information will be added as it becomes available.

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