According to BlockBeats, on September 19, Arkham released the latest government Bitcoin holdings rankings on X. The United States topped the list with $12.16 billion in holdings. The top four countries are:

United States: $12.16 billion; United Kingdom: $3.67 billion; Bhutan: $782.46 million; El Salvador: $351.75 million;

Notably, Germany dropped to zero from $3.56 billion previously, making it a special nomination.