The post Which Countries Possess the Largest Reserves? appeared on BitcoinEthereumNews.com.

The U.S. holds the largest Bitcoin reserve, valued at over $12.5 billion. The UK has 61k BTC ($3B), Germany holds 37k BTC ($2B) post-seizures. El Salvador, first to adopt BTC as legal tender, holding 5804 BTC ($332M). A new report from Arkham Intelligence reveals the surprising extent to which governments around the world are accumulating Bitcoin, shedding light on their diverse strategies for embracing the digital asset. Real-time data sheds light on their diverse strategies for cryptocurrency assets. The United States, the United Kingdom, Germany, and El Salvador are among the nations possessing the largest Bitcoin reserves around the globe. The U.S. government leads the pack with a stash of 213,000 BTC tokens, valued at over $12.5 billion, reportedly acquired through confiscated assets from illegal activities, such as the Silk Road marketplace. The treasury reserves highlight the government’s strategic approach to managing seized assets through periodic auctions. While the US holds the largest amount of Bitcoin, other nations are also making significant moves in the crypto space. The United Kingdom and Germany have also accumulated Bitcoin through similar means, including seizures related to criminal activities and regulatory actions. The UK holds over 61,000 BTC worth over $3 billion, while Germany has recently offloaded BTC seized from the operators of a movie piracy website, bringing its current balance to 37,000 BTC, estimated to be worth $2 billion. Taking a different approach, El Salvador made history as the first country to adopt Bitcoin as legal tender and has invested heavily in the cryptocurrency. President Nayib Bukele’s administration has been open about its purchases, aiming to boost economic growth and financial inclusion. At present, El Salvador’s stockpile remains at 5,804 BTC, worth roughly $332 million. These diverse strategies, from acquiring seized assets to making proactive investments, highlight the increasingly complex relationship between governments…

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Filed under: News - @ July 9, 2024 4:04 am