The government of the United States of America is one of the largest holders of bitcoins. As of April 12, 2024, the United States holds 212,847 BTC on its balance sheet, according to analysts from the Arkham Intelligence platform.
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
At the time of writing, Bitcoin is trading at $70,038, according to TradingView. In this case, the above capital in Bitcoin is estimated at approximately $14.86 billion.
In addition to bitcoins, the US authorities own about $200 million in other cryptocurrencies, including Ethereum, stablecoins Tether (USDT) and Circle (USDC).
In a post on X (formerly Twitter), experts announced the launch of a dashboard that provides data on the state of government accounts in cryptocurrencies.
According to Arkham, in addition to the United States, the largest holders of bitcoins included the governments of Great Britain, Germany and El Salvador. In particular, 61,245 BTC are stored in the account of the English authorities, while Germany has accumulated 49,858 BTC.
As for El Salvador, the balance of this country differs significantly from the top three. The state owns 5,717 BTC and continues to buy one bitcoin every day – its president Nayib Bukele previously stated this.
The dashboard indicates that the US has been accumulating cryptocurrency over the past few years. Since the beginning of 2023, the country's government has added at least 5,000 BTC, according to Arkham.
At the beginning of April 2024, the US Department of Justice transferred 2000 BTC to the depositary address of the Coinbase exchange. This is part of the confiscated funds in the Silk Road platform case.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
