Key Points
- The US government holds crypto, including Bitcoin and Ethereum, worth about $15.27 billion, Arkham reports.
- The report reveals other countries’ government crypto holdings, including the UK, Germany, and El Salvador.
The US government reportedly holds crypto assets worth approximately $15.27 billion, according to data from Arkham. These include almost 213k BTC and almost 46k ETH.
The same source reveals that the British government holds about 61k BTC worth approximately $4.3 billion.
The German government is reportedly holding about 50k BTC worth approximately $3.5 billion. El Salvador’s government holds about 5.7k BTC worth approximately $405 million.
El Salvador was recently in the news following the announcement that it’s returning to global debt markets.
Our team created a dashboard featuring the Governments with the largest crypto holdings.
For each country, you can see their current BTC balance, balance history in USD, and a real-time feed of their most recent transactions.
Some of the largest countries on Arkham are the US,… pic.twitter.com/jKRmKJCVfn
— Arkham (@ArkhamIntel) April 12, 2024
El Salvador returns to global debt markets with dual-tranche offer
According to Bloomberg reports, El Salvador is returning to global debt markets with a dual-tranche offer, which includes a bond that will pay investors a higher interest rate unless the government can win credit upgrades or a deal with the IMF.
According to the reports, in the first tranche the Central American nation raises the dollar debt due in 20230 with initial price talks in the low 12% area, which amortized starting in 2028.
The other offering is an interest-only bond with a coupon tied to the nation’s credit score or its success in dealing with he IMF, Bloomberg notes.
Today, NASDAQ revealed that the IMF is demanding changes to El Salvador’s pro-Bitcoin law, hindering the country’s attempt to secure a $1.4 billion credit line.
El Salvador made history back in 2021 when the country adopted Bitcoin as legal tender.
8 days more to go until the Bitcoin halving event
Bitcoin is now 8 days ahead of the important halving event scheduled to take place on April 20.
At the moment of writing this article, BTC continues to trade above $70k, and the coin is down by 1% in the past 24 hours on CoinMarketCap.
Bitcoin managed to regain the $70k level following a short dip in price after the results of the CPI report came in a couple of days ago.
Bitcoin ETFs also continue to remain in the spotlight these days, especially with the latest numbers showing a significant influx. Also, the announcement that Hong Kong will most likely approve Bitcoin and Ethereum ETFs on Monday is adding to the hype around the crypto-based products.