The US government holds the most Bitcoin among all nations worldwide, with about $14.7 billion worth of BTC.
According to Arkham data, the U.S. government holds 212,847 BTC in its treasury wallets, which places it just behind MicroStrategy’s 214,246 BTC, currently valued at $14.8 billion.
In addition to Bitcoin, the U.S. has accumulated significant quantities of other digital currencies, including Ethereum (ETH) and stablecoins like USDC and Tether (USDT), with a collective value of nearly $200 million.
The UK government comes in second with holdings of around $4.2 billion worth of Bitcoin, while the German government holds approximately $3.4 billion in BTC. However, according to Arkham data, neither country has significant holdings in other cryptocurrencies.
El Salvador has formally recognized Bitcoin as legal tender and maintains a reserve of 5,717 BTC, valued at nearly $400 million.
Despite experiencing losses during the market downturn, El Salvador continued to accumulate BTC throughout 2022 and has since seen a 50% profit in its holdings.
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In early 2023, the U.S. expanded its Bitcoin reserves by at least 5,000 BTC, primarily through seizures related to criminal activities such as the infamous Silk Road, as well as cases involving individuals like Jimmy Zhong and groups like the Bitfinex hackers.
These actions underscore the government’s ongoing efforts to both regulate and benefit from the cryptocurrency market.