According to TechFlow, on July 5, according to Decrypt, data from crypto analysis company Arkham showed that governments of many countries, including the United States, Britain, and Germany, hold a large amount of Bitcoin, with a total value of approximately US$17.8 billion based on current market prices.

Of this, the U.S. government holds about $12 billion worth of Bitcoin, primarily from high-profile investigations including the Silk Road case in 2013. In 2020, the U.S. Department of Justice seized more than $1 billion worth of Bitcoin related to the Silk Road in one of the largest cryptocurrency confiscations in history.

The UK government holds about $3.3 billion in Bitcoin. In 2021, the Metropolitan Police seized £180 million (about $250 million at the time) in cryptocurrency as part of a money laundering investigation.

The German government holds about $2.2 billion. In February 2024, German authorities announced plans to sell about 1 billion euros ($1.08 billion) worth of cryptocurrencies, mainly Bitcoin. The move is one of the largest government cryptocurrency liquidations to date.

In contrast, the government of El Salvador proactively purchased $314 million worth of Bitcoin as a national strategic reserve.