Bitcoin

<p>As of July 29, 2024, governments hold 2.6% of Bitcoin&#39;s circulating supply, totaling 471,380 BTC, valued at approximately $32.7B.</p><h2 id="header-0">Bitcoin Holding by Governments</h2><p>Determining the exact amount of Bitcoin held by different governments is challenging due to the decentralized nature of Bitcoin and the varying transparency levels of different governments.</p><p>That said, based on available information, some governments are known to hold significant amounts:</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/774ca87ab10d4c35bfa900d2242c1d31.png" /><p></p><h2 id="header-1">United States</h2><p>The United States is the largest Bitcoin holder with 213,297 BTC (~$14.82B), largely from the Silk Road seizure, where 69,000 BTC were confiscated during the shutdown of the online black market.</p><h2 id="header-2">China</h2><p>The second largest holder would be China holding 190,000 BTC (~$13.2B) from the PlusToken Ponzi scheme, one of the largest cryptocurrency scams, which promised investors returns of up to 30% returns.</p><h2 id="header-3">United Kingdom</h2><p>The United Kingdom is the third largest holder after seizing 61,000 BTC (~$4.24B) from a money laundering operation involving multiple wallets linked to a Chinese takeaway worker, showing the UK&#39;s focus on financial crimes with digital assets.</p><h2 id="header-4">Bhutan</h2><p>Bhutan holds 621 BTC worth $24.61 million. Forbes states that the kingdom began mining BTC in April 2019 when Bitcoin was valued at $5,000. Since then, Bitcoin skyrocketed!</p><h2 id="header-5"><strong>Venezuela</strong></h2><p>The Venezuelan government holds 240 BTC with 10.30% of the population owning crypto.</p><h2 id="header-6"><strong>Finland</strong></h2><p>Finland has 90 BTC as of today. The country confiscated 1,889 Bitcoins in 2018 seized in narcotics cases. Then it sold 1889 BTC in 2021 earning roughly $48 million.</p><h2 id="header-7"><strong>Georgia</strong></h2><p>The government of Georgia has 66 BTC worth $4,234,672 according to Bitcointreasuries.net.</p><h2 id="header-8">Bulgaria</h2><p>The Bulgarian government reportedly holds a substantial amount of Bitcoin, which was seized from a criminal operation in 2017.</p><h2 id="header-9"><strong>Other Countries</strong></h2><p>While not as prominent, countries like Russia, North Korea, and Iran have also reported holding Bitcoin.</p><h2 id="header-10">Final Words</h2><p>The reason behind holding BTC is surprising in most of countries.</p><p>These holdings are typically acquired through seizures from criminal activities or through policy decisions, as seen in El Salvador. The exact amounts held can fluctuate due to sales or additional seizures.</p>

Which governments hold the most Bitcoin?

Table of Contents

Telegaon

Other articles published on Aug 1, 2024

Anoma Crypto Venture Funding Seeks $40 Million at $1 Billion Valuation

Terra Blockchain Faces Security Exploit; $6.8M Worth of Tokens Impacted

ICOGemHunters Announces Listing of AutoLayer on IGH Calendar

Bitcoin Crashes After Fed Meeting: $56 Million Wiped Out in Hours!

Ex-SPIRIT Blockchain COO Antony Turner Revealed as BlockDAG CEO, Learn About Pepe Coin Surge, and...

How to save with the 1inch Card: Cryptodraft and Stableloans

Join our free newsletter for daily crypto updates!