Arkham Unveils Cryptocurrency Holdings of Various Nations

The United States government ranks among the largest holders of cryptocurrency, alongside the United Kingdom and Germany, according to data from Arkham Intelligence.

Our team created a dashboard featuring the Governments with the largest crypto holdings.

For each country, you can see their current BTC balance, balance history in USD, and a real-time feed of their most recent transactions.

Some of the largest countries on Arkham are the US,… pic.twitter.com/jKRmKJCVfn

— Arkham (@ArkhamIntel) April 12, 2024

The on-chain data tracking platform has introduced a dedicated dashboard displaying the balances of various countries, which also monitors their transaction histories.

The United States is the largest Bitcoin holder among governments, possessing 212,847 BTC valued at approximately $14.9 billion at the time of writing. Since the beginning of 2023, the US government has added at least 5,000 BTC to its wallets.

Additionally, the country holds reserves of ETH, USDC, USDT, DAI, and other assets totaling around $200 million.

The United Kingdom ranks second with a balance of 61,245 BTC worth $4.5 billion. Germany follows in third place with 49,858 BTC valued at $3.5 billion.

El Salvador, where Bitcoin has been legal tender since 2021, lags significantly behind other jurisdictions. The authorities’ wallets hold only 5,717 BTC, valued at $405 million.

In March, the country’s president, Nayib Bukele, disclosed an address containing the government’s Bitcoin holdings. Previously, the head of state estimated the unrealized gains from investments in digital gold at 40% or $41.6 million.

Back in January, the US government announced plans to sell 2,875 BTC confiscated from Silk Road darknet marketplace drug dealers Ryan Farace and Shaun Bridges.

In early April, a wallet controlled by US authorities initiated the transfer of approximately 2,000 BTC to a Coinbase Prime address.