Arkham uncovers 198,000 BTC in US government wallets (worth $24 billion). End of selling rumors, yet the future of state-held Bitcoin remains uncertain. Is this an opportunity or a risk for investors ?
Blockchain firm Arkham Intelligence has made a stunning revelation : the US government currently holds nearly 198,000 Bitcoin, valued at 24 billion dollars. This announcement puts an end to persistent rumors about a massive sell-off of the government’s crypto assets.
The figures revealed by Arkham place the United States well above other governments in terms of Bitcoin holdings. With approximately 198,000 BTC, American reserves far surpass those of the United Kingdom (7 billion dollars) and Bhutan (1.3 billion dollars).
This possession symbolically represents 0.065% of the US national debt, which exceeds 37 trillion dollars. Although negligible for bridging this abyssal gap, this share highlights a form of institutional recognition of Bitcoin as a digital asset held by the state.
Recent rumors of a massive sale of government Bitcoin reserves had sparked serious concerns within the crypto community. Fortunately, Arkham’s revelation dispels these fears. Nevertheless, the question remains whether such sales might take place in the future, either to reduce debt or fund other initiatives.
Meanwhile, Senator Lummis’s project to build a Bitcoin reserve to reduce American debt is reportedly about to be presented. According to the latest information, it will be introduced just after the “Market Structure Bill” and could well alleviate these new concerns.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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