The U.S. government is currently one of the largest holders of Bitcoin globally, with around $14.7 billion worth of BTC in its treasury wallets. This data comes from Arkham, which also shows that the U.S. government trails behind MicroStrategy, which owns 214,246 BTC valued at $14.8 billion.
Arkham has created a dashboard showcasing the Governments with the largest crypto holdings. This dashboard provides information on each country’s current BTC balance, balance history in USD, and real-time feed of their recent transactions.
In addition to Bitcoin, the U.S. government has also accumulated significant amounts of other digital currencies, including Ethereum (ETH), USDC, and Tether (USDT) stablecoins, collectively valued at nearly $200 million. The UK government holds the second-largest Bitcoin holdings, with almost $4.2 billion, followed by the German government with approximately $3.4 billion worth of BTC.
El Salvador recently made headlines by officially recognizing Bitcoin as legal tender and maintaining a reserve of 5,717 BTC, valued at nearly $400 million. Despite initial losses due to market downturns, El Salvador has seen a 50% profit in its Bitcoin holdings.
In 2023, the U.S. government increased its Bitcoin reserves by at least 5,000 BTC through seizures related to criminal activities, such as the Silk Road, and cases involving individuals like Jimmy Zhong and groups like the Bitfinex hackers.