Bitcoin boom adds billions to these government holdings
As bitcoin’s (BTC) price reached new all-time highs of $118,000, countries with the currency in their reserves or under the control of authorities have seen gains in the multi-millions, if not billions. According to Arkham, the US holds 198,000 BTC, which is now worth almost $23.4 billion, and will be put towards the strategic BTC reserve announced by President Donald Trump earlier this year. It’s risen by over $3 billion since its previous highs in January. Meanwhile, the UK holds 61,245 BTC, seized from a large-scale money laundering scheme. It’s been under police control since at least 2021, and in the four years since, it’s risen by $4.86 billion to $7.26 billion . The UK government currently has no plans to turn it into a reserve. Bitcoin hits new all-time high, outpaces Meta, Alphabet, Saudi Aramco Read more: Reform UK could make Labour think twice about bitcoin reserve Bhutan, the picturesque Himalayan nation, also holds around 11,600...