The price of Bitcoin is heavily influenced by the actions of governments that hold a large number of BTC tokens. To shed light on this matter, Arkham, a renowned blockchain analysis forum that uses AI technology to de-anonymize on-chain and blockchain data, has released a dashboard that lists the top Bitcoin-holding governments. The forum shared this information on the social media platform X.
The Top Governments Dashboard showcases the governments with the highest BTC holdings on Arkham, which include the United States, United Kingdom, Germany, and El Salvador. For each country, the dashboard provides details such as their current BTC holdings, a graph displaying historical balances, and a real-time feed of their latest activities.
Arkham’s recent post on X highlights that the dashboard offers an exclusive insight into the significant governments’ cryptocurrency holdings and their involvement in the crypto market. The platform has utilized its expertise in blockchain analytics, particularly its entity-tagging features for tracking government wallets, to compile this list. Arkham stated that it plans to expand the dashboard as it continues to develop entity-tagging algorithms. In addition to listing the governments’ BTC holdings, the company also provides information on their activities in the crypto space.
The dashboard aims to enhance transparency by showcasing a government’s engagement with cryptocurrencies, thereby promoting accountability and transparency. It also offers market analysis to users, enabling them to better understand market strategies.
According to Arkham, the US government currently holds 213,297.03 BTC, while the UK government possesses approximately 61,245.01 BTC tokens.
