It seems that the crypto market is now full of positive news.

But is the market really safe? Don't forget that this is an institutional bull market, and many Bitcoins are still held by many institutions and countries.

Do you know how much Bitcoin these governments and institutions hold?

Here are the data rankings:

Currently, nine governments hold nearly 517,414 Bitcoins, worth about $32.9 billion.

1. The United States: tops the list with 213,246 Bitcoin reserves, mainly from seizures related to the dark web market Silk Road.

2. China: has 190,000 Bitcoins, mainly from the notorious Ponzi scheme Plus Token scam.

3: The United Kingdom: holds 61,000 Bitcoins, and its reserves come from a money laundering case involving a former food delivery employee.

4 Ukraine: (46,351 BTC)

5: El Salvador (5,800 BTC)

Well-known companies and institutions:

Fund managers hold more than 1 million BTC in total.

BlackRock tops the list, with its IBIT spot Bitcoin ETF holding 316,276 BTC.

Grayscale follows closely behind, with its GBTC spot Bitcoin ETF holding 272,661 BTC. Other major holders include Fidelity, Ark Invest, and Bitwise, holding 176,995, 47,764, and 39,661 BTC, respectively.

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