Talks of an unidentified nation purchasing bitcoin in bulk surged on social media recently. David Bailey, CEO of BTC Inc. and one of President-Elect Trump’s campaign cryptocurrency aides, has reported on the possibility of an undisclosed country acquiring bitcoin outside the public eye. On X, Bailey stated: “There is at least one nation state that has been actively acquiring Bitcoin and is now a top 5 holder. Hopefully we hear from them soon.” Several users suggested Qatar and Saudi Arabia could be the undisclosed country Bailey was referring to. Nonetheless, he stated it was not China, Ukraine, the UK, Finland or Georgia.

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