YEREVAN (CoinChapter.com) — Recent data from Arkham Intelligence highlights the ranking of government Bitcoin holdings, where the United States, Bhutan, and El Salvador play key roles. Consequently, these countries demonstrate varied approaches in managing their Bitcoin reserves.
United States Holds $12.16 Billion in Bitcoin
The United States leads the world with Bitcoin holdings valued at $12.16 billion, which equates to 203,239 BTC. Significantly, much of this Bitcoin reserve was acquired through law enforcement seizures, including high-profile cases like the Silk Road. The U.S. actively manages these assets, engaging in frequent transactions involving seized funds.
In addition to Bitcoin, the U.S. government holds other cryptocurrencies, such as Ethereum, reflecting a broad cryptocurrency portfolio. These assets show that the U.S. government regularly engages with digital currencies and makes transactions based on the ongoing management of its holdings.
United Kingdom’s Passive Strategy: $3.67 Billion in Bitcoin Reserves
The United Kingdom ranks second, holding $3.67 billion worth of Bitcoin, equivalent to 61,245 BTC. Unlike the U.S., the UK government has taken a passive approach, with no major cryptocurrency transactions in the last three years.
The UK’s Bitcoin holdings are exclusively concentrated on Bitcoin, without diversification into other assets. Consequently, the absence of activity reflects a long-term strategy, where the UK opts to maintain its Bitcoin reserves without active trading or management.
Bhutan’s Active Bitcoin Mining Operations
Bhutan holds $782.46 million in cryptocurrency, primarily Bitcoin, with 13,047 BTC valued at $780.95 million. Bhutan’s approach to Bitcoin differs, as it actively participates in Bitcoin mining operations. Income is generated through mining pools such as Foundry USA Pool and Ant Pool.
In addition to its Bitcoin holdings, Bhutan holds small amounts of Ethereum and other altcoins. The country’s involvement in mining allows it to consistently increase its Bitcoin reserves, making it a key player in the global Bitcoin landscape.
El Salvador’s Bitcoin Legal Tender Policy
El Salvador holds $351.75 million in Bitcoin, equating to 5,877 BTC. Additionally, the country has made Bitcoin legal tender and manages its Bitcoin reserves with frequent transactions. Thus, El Salvador’s focus remains exclusively on Bitcoin, with the country actively engaging in Bitcoin transactions daily.
Notably, the government’s Bitcoin portfolio has remained stable around $350 million, and this stability aligns with the national strategy of financial inclusion. Additionally, this consistency reflects El Salvador’s commitment to using Bitcoin as a key component of its economic model.
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