Pushpendra Singh: Indian government holds 450 BTC valued at $15.6 million
@pushpendrakum: India holds 450 Bitcoin
India has reportedly acquired a substantial Bitcoin reserve, according to a tweet by Pushpendra Singh citing Grok. The Indian government allegedly possesses approximately 450 BTC, with a current valuation of about $15.6 million as of January 2025.
This development reflects the growing interest of national entities in cryptocurrency assets as a form of investment or reserve. The holdings, if confirmed, would mark India as a significant player in the cryptocurrency landscape.
The revelation was originally shared by Grok, a known entity in the cryptocurrency analysis domain, underscoring the Indian government's unexpectedly progressive stance towards digital currencies, which comes amid a backdrop of regulatory challenges faced by the industry globally.
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India’s apparent embrace of Bitcoin as part of its reserves follows broader trends in both governmental policy and market sentiment, bringing to mind recent scrutiny of major platforms such as WazirX over unresolved issues like refund delays that have challenged user confidence in the sector. This transition also takes place alongside high-profile digital initiatives, including Vijay Mallya’s forthcoming SBI Bank podcast, which collectively underscore the growing intersection between financial innovation and regulatory adaptation across India’s evolving digital economy.
In the previous news, tweet author Pushpendra Singh discussed the lack of transparency in government crypto tax usage.
