US government’s Bitcoin holdings surpass $15 billion, outpacing global counterparts
The United States government currently holds the largest amount of Bitcoin among all nations, with a total value of around $14.7 billion. According to data from Arkham, the U.S. government’s treasury wallets contain 212,847 BTC, making it the second-largest Bitcoin holder globally. The top spot is currently held by MicroStrategy, which owns 214,246 BTC, valued at $14.8 billion.
In addition to Bitcoin, the U.S. government has also accumulated significant amounts of other digital currencies, including Ethereum (ETH) and stablecoins such as USDC and Tether (USDT), which together are worth nearly $200 million. The United Kingdom government holds the second-largest Bitcoin holdings, with a value of almost $4.2 billion. The German government also holds approximately $3.4 billion worth of BTC. However, Arkham data shows that neither country has significant holdings of other cryptocurrencies.
El Salvador, on the other hand, has formally recognized Bitcoin as legal tender and currently holds a reserve of 5,717 BTC, valued at nearly $400 million. Despite facing losses during the market downturn, the country continued to accumulate BTC throughout 2022 and has since seen a 50% profit in its holdings.
During the beginning of 2023, the United States further increased its Bitcoin reserves by at least 5,000 BTC. This increase primarily came from seizures related to criminal activities, including the infamous Silk Road, as well as cases involving individuals like Jimmy Zhong and groups like the Bitfinex hackers.
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