According to data from Arkham, the United States government, along with the treasuries of the United Kingdom and Germany, ranks among the largest holders of cryptocurrency. Arkham, a crypto intelligence platform focused on tracking entities on the blockchain network, unveiled a dashboard showcasing governments with significant crypto reserves.
As of the latest update on April 12, Arkham revealed that the U.S., UK, and Germany are among the foremost countries in terms of crypto holdings. The U.S. government leads the pack, holding a substantial 212,847 BTC, valued around $15 billion based on current prices. Additionally, the U.S. government possesses approximately $200 million in other cryptocurrencies like Ether (ETH) and major stablecoins like USDC and Tether.
Following the U.S., the UK government holds 61,245 BTC, worth roughly $4.5 billion, while the German government possesses 49,858 BTC, equivalent to about $3.5 billion. Notably, El Salvador, the pioneer in adopting Bitcoin as legal tender, holds a comparatively smaller amount of BTC, with 5,717 BTC valued at $405 million.
Arkham’s release of the dashboard marks a significant step in transparency regarding cryptocurrency assets held by major entities like nation-states. It highlights the continued accumulation of Bitcoin by the U.S. government over the past few years, with at least 5,000 BTC added since early 2023, sourced partly from confiscations related to cases like Silk Road and Bitfinex hackers.
