A recent report by Arkham Intelligence clarified that the US government currently holds approximately 198,000 BTC, debunking rumors of significant asset liquidation.
Current US BTC Holdings
Arkham Intelligence reports that the US government currently holds about 198,000 BTC, valued at around $24 billion. This data is particularly relevant amid rumors that the government sold 85% of its cryptocurrency assets. These rumors emerged after a Freedom of Information Act request revealed that only 29,000 BTC were held by the US Marshals Service.
Comparison with Other Countries
The US government's Bitcoin holdings significantly exceed those of other nations, including the United Kingdom, which holds approximately $7 billion in BTC, and Bhutan, with about $1.3 billion. This emphasizes the US's leading position in government investments in digital assets.
Context and Implications
The Bitcoin stash accounts for about 0.065% of the US national debt, which exceeds $37 trillion. While this amount is small relative to addressing the debt gap, it signals institutional recognition of Bitcoin as a sovereign-held digital asset. Despite the debunking of rumors, concerns remain about what might happen if a sale were to occur in the future to address some of the debt obligations.
Thus, the Arkham Intelligence report confirms that the US government maintains significant Bitcoin reserves, highlighting its importance as an asset in the country's financial policies.
