Bitcoin Goes Governmental: Inside the Secret World of State-Owned BTC

Bitcoin Goes Governmental: Inside the Secret World of State-Owned BTC

full version at coinedition
  • The U.S. holds the largest Bitcoin reserve, valued at over $12.5 billion.
  • The UK has 61k BTC ($3B), Germany holds 37k BTC ($2B) post-seizures.
  • El Salvador, first to adopt BTC as legal tender, holding 5804 BTC ($332M).

A new report from Arkham Intelligence reveals the surprising extent to which governments around the world are accumulating Bitcoin, shedding light on their diverse strategies for embracing the digital asset.

Real-time data sheds light on their diverse strategies for cryptocurrency assets. The United States, the United Kingdom, Germany, and El Salvador are among the nations possessing the largest Bitcoin reserves around the globe.

The U.S. government leads the pack with a stash of 213,000 BTC tokens, valued at over $12.5 billion, reportedly acquired through confiscated assets from illegal activities, such as the Silk Road marketplace. The treasury reserves highlight the government’s strategic approach to managing seized assets through periodic auctions.

While the US holds the largest amount of Bitcoin, other nations are also making significant moves in the crypto space. The United Kingdom and Germany have also accumulated Bitcoin through si…

The post Bitcoin Goes Governmental: Inside the Secret World of State-Owned BTC appeared first on Coin Edition.

Recent Crypto News

Smart Money Targets LDO, CVX, G
Pepe Coin Faces Critical Support Test Amid Market Downtrend: Key Levels to Watch
Smart Money Invests in LDO, CVX, and G
Akıllı Para Bu 3 Altcoin’e Aktı! İşte Yağdırılan Rakamlar
Defunct FTX and Alameda banned from crypto trading in $12.7 billion CFTC settlement
Gmx Launches SHIB Perpetual Futures Market on Arbitrum

Recent conversions

0.0066 BTC to CAD 0.18 BNB to CAD 0.064 BTC to EUR 0.20 ETH to AUD 0.0015 ETH to AUD 5000 BHAT to NOK 025 BTC to CAD 0.0085 BTC to CHF 1 ERN to EUR 100 NT to NZD 0.777 SOL to CZK