Notable Bitcoin Holdings by Country
Global Bitcoin Ownership Trends
Bitcoin Holdings: A Comparative Analysis
Insights into Bitcoin Ownership Across Nations
Understanding Bitcoin Reserves: Country-wise Breakdown
According to a report by Arkham Intelligence, the United States currently leads as the largest holder of Bitcoin among countries globally, with an impressive 212,847 BTC in its possession. This amounts to approximately $15 billion worth of the cryptocurrency, surpassing the combined holdings of notable entities like MicroStrategy and the Winklevoss twins.
Additionally, data from Arkham Intelligence reveals that the US government isn't solely focused on Bitcoin; it also holds approximately $200 million worth of other cryptocurrencies such as Ethereum, as well as stablecoins like USDC and Tether.
Following closely behind the US are countries like the United Kingdom and Germany, both boasting substantial amounts of Bitcoin. For instance, the United Kingdom holds an impressive 61,245 BTC valued at around $4.5 billion, while Germany follows with approximately 49,858 BTC, equivalent to roughly $3.5 billion.
Interestingly, despite being the first country to adopt Bitcoin as legal tender, El Salvador's Bitcoin holdings pale in comparison to those of the US, the UK, and Germany. El Salvador currently holds only about 5,717 BTC, worth approximately $405 million according to data from NayibTracker.
The data on Bitcoin holdings by governments is made accessible through a newly developed tool, providing real-time balances and transaction histories. This tool represents a significant milestone in transparency within the crypto industry.
The increase in Bitcoin holdings by countries like the US is evident, with regular additions to their reserves. Over the past year, the US government has acquired over 4,000 BTC, primarily through seizures resulting from criminal activity, including the recovery of 94,600 BTC from the Bitfinex hack.
Overall, Arkham's innovative tool sheds light on the involvement of world governments in the crypto landscape, highlighting their roles behind the scenes. This development marks a significant step forward for transparency within the industry.
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