U.S. Government Owns Way More Bitcoin Than Any Other Country

Photo by Dmitry Demidko on Unsplash

In the world of cryptocurrencies, where governments are still trying to navigate uncharted territory, the United States stands out with its massive bitcoin holdings. Despite its seemingly harsh stance on digital currencies, the U.S. government possesses a staggering $5 billion worth of seized bitcoin, making it the largest state-owned hoard globally. This article explores the love-hate relationship between the U.S. government and cryptocurrencies, shedding light on why Washington is accumulating bitcoin instead of disposing of it. Through exclusive research provided to Forbes, we delve into the growing supply of bitcoin in the possession of the U.S. government, primarily due to asset seizures. As of last year, the U.S. held a whopping 94% of all bitcoin held by global governments at that time, as revealed by Sachin Jaitly, a general partner at investment advisor Morgan Creek Capital.

The U.S. Government’s Bitcoin Stash Grows

One cannot overlook the fact that the U.S. government’s bitcoin holdings have been steadily increasing. In 2020, the research conducted by Sachin Jaitly indicates that the U.S. held 69,640 bitcoins, representing an astounding 94% of all bitcoin in global government coffers at that time. Fast forward to the present, and the U.S. government’s stash has now surged to…