Various governments worldwide possess substantial amounts of cryptocurrencies, as reported by the cryptocurrency analysis platform Arkham. Government portfolios primarily comprise Bitcoin (BTC) and Ethereum (ETH) valued in billions of dollars.
Recent activities by the US and German governments involved considerable BTC sales, attributed to Mt. Gox refunds, resulting in significant market downturns. Despite these sales, Arkham's data highlights that numerous governments retain substantial Bitcoin reserves, currently valued at around $17.8 billion.
Arkham's data illustrates that the USA, England, and Germany confiscated a notable amount of Bitcoin through criminal cases. Interestingly, El Salvador stands out by actively acquiring Bitcoin, as stipulated by the decision to purchase 1 BTC daily.
Among the governments, the US government leads in Bitcoin holdings, possessing 213,297K BTC valued at approximately $12.21 billion. Additionally, the US government holds a minor amount of Ethereum (ETH) alongside BTC.
Future sales plans from the US government remain undisclosed to prevent market manipulation, adding uncertainty to the timing of such transactions.
Following the US, the United Kingdom possesses roughly $3.3 billion worth of Bitcoin, while the German government, despite recent BTC sales, holds 41,226K BTC valued at $2.28 billion.
In contrast to traditional approaches, El Salvador's Bitcoin reserve reflects a national BTC strategy initiated by President Nayib Bukele, with holdings of 5,802 BTC valued at $321 million.
(Note: This content does not constitute investment advice.)
