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30/07/24
162
Data Shows U.S. Government Holds Crypto Assets Worth Almost $14 Billion
Data shows that the U.S. government currently holds over 200k BTC. At press time, Arkham Intelligence data shows that the government holds 203.239K BTC valued at $13.96 billion, making it the biggest holder of BTC of all countries.
Likewise, the government holds 50.524K ETH valued at $168.86 million, 121.734M USDT valued at $121.734 million, 750.722 WBTC valued at $50.26 million, 40.285K BNB valued at $23.11 million, 19.017M AUSDC valued at $19.02 million, 13.623M BUSD valued at $13.62 million, as well as 10.14M USDC valued at $10.14 million.
Altogether, the aggregate value of all cryptocurrency assets held by the government is currently $14.03 billion. Three days ago, the U.S. Senator Cynthia Lummis proposed the establishment of a Bitcoin reserve towards fortifying the USD against rising inflation and ensuring that the United States remains the leader of the rapidly evolving international financial system.
“This Bitcoin Reserve that we are going to create will start with the 210,000 Bitcoin that President Trump just mentioned and pull it into a reserve, stored in geographically diverse vaults, and that’s only the beginning,” said Lummis. The proposed strategic Bitcoin reserve would hold Bitcoin for 20 years.
Similarly, Republican presidential candidate Donald Trump mentioned the creation of a Bitcoin strategic reserve. While speaking at the Bitcoin 2024 conference, Trump said he would not allow the sale of the U.S. government’s BTC holdings and expressed his desire to ensure the prosperity of the Bitcoin industry in the United States.
Robert F. Kennedy Jr., who is also running to become president, promised to sign an executive order to transfer the government’s BTC holdings to the Treasury and continue to buy 500 BTC per day to accumulate 4 million BTC.
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