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Governments control about 646,000 BTC, Frank Chaparro notes

Governments control about 646,000 BTC, Frank Chaparro notes
Top government bitcoin holdings by country

Governments currently hold 3% of all bitcoin, amounting to approximately 646,000 BTC.

Frank Chaparro reported that the largest holders are the U.S. with 328,000 BTC (valued near $27 billion), China with 190,000 BTC (about $16 billion), and the UK holding 61,000 BTC (around $5 billion).

Frank Chaparro previously noted that Bitcoin saw notable rallies in the year following the last three U.S. midterm elections, as detailed in his analysis of post-election performance. He has also discussed the growing interest in blockchain-based public offerings, suggesting that on-chain IPOs could debut within a year. These observations come as institutional and government holdings continue to shape the crypto market landscape.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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