Arkham data: UK government owns more than 60,000 Bitcoins

Arkham today completed the integration of the British government’s on-chain address tracking, revealing that the British government holds more than 60,000 BTC, with a total value of approximately US$4 billion. These assets originated from past criminal activities. Confiscated stolen money.

The British government owns 60,000 Bitcoins

According to the on-chain analysis tool Arkham, the British government currently owns 61,245 Bitcoins, worth approximately US$4 billion.

British Government Bitcoin Holdings

These Bitcoins came from stolen money confiscated by the London Police in 2018.

Why should the government hold Bitcoin?

Bitcoin, which is based on the concept of decentralization and anarchy, is still gradually increasing in both government holdings and large corporate holdings.

For example, last year it was revealed that the U.S. government owns 200,000 Bitcoins, but most of them were stolen money from crime, rather than the result of deliberate purchases by the government. There are also records of selling them.

However, some countries are actively buying and holding Bitcoin. For example, former National Security Agency agent Snowden recently said: "The government of a certain country is now buying Bitcoin," or El Salvador's financial policy, usually with special intentions.

What is certain is that currently, it seems that governments are not holding Bitcoin to make a profit on the price difference.

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