Wu said that Arkham has released the latest ranking of government Bitcoin holdings. Data shows that the United States currently ranks first in the global government Bitcoin holdings with $12.16 billion in Bitcoin holdings, followed by the United Kingdom, which holds $3.67 billion in Bitcoin. Bhutan ranks third with $782 million, and El Salvador, a global pioneer in Bitcoin promotion, ranks fourth with $352 million. It is worth noting that Germany's Bitcoin holdings have dropped from $3.56 billion to zero.