{"id":75973,"date":"2024-04-12T12:11:50","date_gmt":"2024-04-12T16:11:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=75973"},"modified":"2024-04-12T12:11:53","modified_gmt":"2024-04-12T16:11:53","slug":"us-govt-ranks-among-states-with-largest-bitcoin-holdings-data","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/us-govt-ranks-among-states-with-largest-bitcoin-holdings-data\/","title":{"rendered":"US Gov\u2019t Ranks Among States With Largest Bitcoin Holdings – Data"},"content":{"rendered":"\n

According to data from Arkham, the United States government, along with other global nations such as the United Kingdom and Germany, is one of the largest holders of Bitcoin<\/a>.<\/p>\n\n\n\n

\"US
US Gov\u2019t Ranks Among States With Largest Bitcoin Holdings – Data<\/figcaption><\/figure>\n\n\n\n

Arkham, a blockchain intelligence platform that deanonymizes entities on the network, has unveiled an interface that enumerates the largest cryptocurrency holdings of governments.<\/p>\n\n\n\n

The United States, the United Kingdom, and Germany are “some of the largest countries” in terms of cryptocurrency holdings, according to Arkham, which announced the news on April 12.<\/p>\n\n\n\n

Individuals can view the real-time balance and transaction history of cryptocurrencies <\/a>governments hold via the new Arkham tracking application.<\/p>\n\n\n\n

Arkham tracks 212,847 BTC worth approximately $15 billion at current prices, of which the U.S. government is the largest Bitcoin behemoth among all global states (data indicates that it held this amount at the time of writing).<\/p>\n\n\n\n

The United States government also maintains approximately $200 million in significant stablecoins and cryptocurrencies, including Ether (ETH), USDC, and Tether, in addition to Bitcoin (BTC).<\/p>\n\n\n\n

\"Top
Top governments by Bitcoin holdings. Source: Arkham<\/figcaption><\/figure>\n\n\n\n

Second in rank, the United Kingdom government currently possesses 61,245 BTC, which Arkham estimates is worth approximately $4.5 billion. As of the time of writing, the German government possesses 49,858 BTC, equivalent to roughly $3.5 billion.<\/p>\n\n\n\n

El Salvador's government\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which legalized Bitcoin as a tender for the first time in September 2021, retains a notably smaller quantity of BTC compared to other nations under the surveillance of Arkham.<\/p>\n\n\n\n

According to the data, the Salvadoran government possesses 5,717 BTC, valued at $405 million at the time of writing.<\/p>\n\n\n\n

Arkham's disclosure of the leading governments' Bitcoin holdings signifies a significant turning point in the transparency of cryptocurrency assets possessed by nation-states resembling whales.<\/p>\n\n\n\n

Concurrently, it has been some time since the general public became aware of the United States government's enormous Bitcoin holdings.<\/p>\n\n\n\n

Furthermore, the dashboard indicates that the United States has maintained a steady accumulation of Bitcoin over the last few years. According to data from Arkham and prior reports, the U.S. government has reportedly added a minimum of 5,000 BTC since early 2023.<\/p>\n\n\n\n

The United States government possesses a considerable quantity of Bitcoin confiscations associated with the darkweb marketplace Silk Road<\/a>, its hacker Jimmy Zhong, and the hackers of the cryptocurrency exchange Bitfinex.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to data from Arkham, the United States government, along with other global nations such as the United Kingdom and Germany, is one of the largest holders of Bitcoin. Arkham, a blockchain intelligence platform that deanonymizes entities on the network, has unveiled an interface that enumerates the largest cryptocurrency holdings of governments. The United States, […]<\/p>\n","protected":false},"author":1,"featured_media":75981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[5713,15225,19123],"class_list":["post-75973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-us-government-2","tag-arkham","tag-bitcoin-holdings"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/image-69.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=75973"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/75981"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=75973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=75973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=75973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}