Bitcoins Path to Government The Covert Realm of StateOwned Bitcoin

CryptoSlate reports:
A new report from Arkham Intelligence reveals the astonishing extent to which governments around the world have been accumulating Bitcoin, showcasing their various strategies in embracing digital assets.
Real-time data reveals their different approaches to cryptocurrency holdings. The United States, United Kingdom, Germany, and El Salvador are among the countries with the largest Bitcoin reserves globally.
According to reports, the US government has acquired 213,000 BTC tokens, worth over $12.5 billion, through seized assets from illegal activities such as the Silk Road marketplace. The treasury reserves highlight the government’s strategic approach in managing confiscated assets through regular auctions.
While the US holds the most Bitcoin, other countries have also taken significant actions in the crypto space. The UK 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 recently unloaded BTC confiscated from a movie piracy website operator, bringing its current balance to 37,000 BTC (estimated worth of $2 billion).
El Salvador has made history in a different way, becoming the first country to adopt Bitcoin as legal tender and making substantial investments in cryptocurrencies. President Nayib Bukele’s government has shown openness towards its purchase, aiming to promote economic growth and financial inclusivity. Currently, El Salvador’s holdings stand at 5,804 BTC, worth approximately $332 million.
From acquiring seized assets to actively investing, these diverse strategies highlight the increasingly complex relationship between governments and cryptocurrencies. With Bitcoin continuing to gain traction in traditional financial institutions, the involvement of these top governments could have a significant impact on the future of this digital asset.