As of today, according to Spot on Chain, the US government controls 183,850 BTC worth about $17.36 billion. This makes the United States the largest government holder of the world's first cryptocurrency.

The Bitcoin Act 2024 bill, previously proposed by Senator Cynthia Lummis, proposes to create a strategic reserve from the mentioned asset. If the document is adopted, annual purchases of 200,000 BTC over five years will accumulate up to 1 million BTC, which are planned to be stored for at least two decades.

Other analysts at Galaxy Research predict that competition between states in an effort to create Bitcoin reserves may intensify. The JW analyst believes that up to five countries and several companies from the Nasdaq-100 index may add cryptocurrency to their assets in the near future. He emphasizes that countries hostile to the US or states with large funds can accelerate the mining and accumulation of bitcoin.$BTC $ATA $SCRT #BtcNewHolder