Governments Worldwide Hold a Massive $17.8 Billion Worth of Bitcoin

Governments Worldwide Hold a Massive $17.8 Billion Worth of Bitcoin

Governments around the world are increasingly turning to Bitcoin as a reserve asset. According to Arkham Data, a leading provider of cryptocurrency intelligence, governments now hold a total of $17.8 billion worth of BTC. Key Findings The United States is the largest holder of Bitcoin among governments, with a total of $12 billion worth. The United Kingdom is the second largest holder, with $3.3 billion worth of Bitcoin. Germany is the third largest holder, with $2.2 billion worth of Bitcoin. El Salvador is the fourth largest holder, with $314 million worth of Bitcoin. Implications The growing adoption of Bitcoin by governments is a significant development in the cryptocurrency market. It suggests that governments are increasingly recognizing the potential of Bitcoin as a store of value and a medium of exchange. This could lead to further adoption of Bitcoin by governments and the wider public in the years to come. Additional Information The data from Arkham Data only includes Bitcoin holdings that are publicly known. It is possible that governments hold additional Bitcoin that is not publicly disclosed. The value of Bitcoin is highly volatile. The value of government Bitcoin holdings could fluctuate significantly in the future.