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14/04/2024U.S. Leads Global Bitcoin Holdings with $14.7 Billion
U.S. Leads Global Bitcoin Holdings with $14.7 Billion
The U.S. government holds the largest amount of Bitcoin among nations, with assets totaling approximately $14.7 billion. In addition to Bitcoin, the U.S. also possesses substantial amounts of other cryptocurrencies, such as Ethereum and the stablecoins USDC and Tether, valued at nearly $200 million combined.
Behind the U.S., the UK and Germany are notable for their cryptocurrency reserves, holding about $4.2 billion and $3.4 billion in Bitcoin, respectively. Notably, these nations do not have significant holdings in other cryptocurrencies.
El Salvador, which has adopted Bitcoin as legal tender, owns 5,717 BTC, worth close to $400 million. Despite previous market losses, El Salvador’s Bitcoin investment has recently turned a 50% profit.
Since early 2023, the U.S. has increased its Bitcoin reserves by at least 5,000 BTC, mainly from seizures linked to criminal activities, including the Silk Road case and actions against individuals and groups like Jimmy Zhong and the Bitfinex hackers.
(TheCoins24)
