Germany’s latest sale of 50,000 Bitcoin has revealed a number of large Bitcoin holders that very few of us pay attention to. Believe it or not, some governments around the world have quite a healthy Bitcoin balance sheet.As of recent estimates, governments collectively own approximately ₿ 517 414, which accounts for about 2.4% of the total Bitcoin supply. Michael Saylor, there’s another Gigachad in town.You would think that an entity with the ability to print its own money to fund itself would be in the most advantageous position to hold long-term. However, governments are still coming to grips with the impact of digitally scarce private money, and some are still thinking short-term and dumping their holdings for fiat money.Governments are generally private about how much Bitcoin they possess and what they plan to do with it, so we’re not completely aware of how much every government owns. However, we can make some educated guesses based on their communication and overlay that information with known on-chain addresses and transaction dates.Apart from El Salvador, which has embraced Bitcoin as a local currency, governments that have taken an adversarial stance untoward digital assets face a bit of a conundrum as they hold these coins.
related posts
25 sats \ 0 replies \ @Akg10s33 21 Jul
The truth is that it is not surprising that governments also have their Bitcoin accumulated and if you ask me, I was very surprised by the massive sale of Cryptocurrencies that took place in Germany in recent days... one might think that there is a double bottom in which they suddenly sold a large amount of Bitcoin so suddenly... in my opinion there was something more there... otherwise El Salvador, an emerging country and with a president with very complete potential and intelligence, once and for all assumed Bitcoin as a currency of normal circulation... and that It is excellent, that country is heading towards the future... and well, there appears my native country Venezuela, and those Bitcoins that are reflected there must obviously be those in charge of the dictatorship that exists today and that has caused more than 6 Millions of migrants are all over the world.
reply
0 sats \ 0 replies \ @Satosora 22 Jul
Governments are starting to become wiser.
At least some of them.
They know that things arent getting better, so they are buying gold and bitcoin!
reply
0 sats \ 0 replies \ @SatsMate 21 Jul
Most of them on this page would like to sell it when they get the chance though (exception of course with El Salvador)
reply