CHINA AND U.S REDUCE BITCOIN RESERVE,TOTAL GOVERNMENT HOLDINGS FALL 12% IN NINE MONTHS!

China and the US have reduced their Bitcoin reserves, resulting in a 12% decline in total government holdings over the past nine months. Here's a breakdown of the current situation :

Total Government Holdings: Governments now hold approximately 463,741 Bitcoins, representing 2.3% of Bitcoin's total supply. This is down from 529,591 Bitcoins in July 2024.

US Holdings: The United States remains the largest government holder with 198,012 Bitcoins, valued at around $18.3 billion.

China's Holdings: China holds 194,000 Bitcoins, worth $17.6 billion, which were seized from the 2019 PlusToken Ponzi scheme.

Other Government Holdings:

United Kingdom: 61,000 Bitcoins seized from criminal activities

Bhutan: 8,594 Bitcoins mined using sustainable hydroelectric energy

El Salvador: 6,135 Bitcoins worth $567.8 million, accumulated as part of President Nayib Bukele's strategy to integrate Bitcoin into the national economy

Ukraine: Received 256 Bitcoins worth $21.3 million in donations for military efforts since 2024

The reduction in government holdings can be attributed to various factors, including:

Germany's Sale: Germany sold its 46,359 Bitcoin stash in mid-2024, causing a 15.7% drop in Bitcoin's price.

US and China Sales: The US and China may be selling Bitcoins due to budget constraints, market timing, or legal obligations.

Meanwhile, some countries like El Salvador and Bhutan are accumulating more Bitcoins, while others are exploring ways to integrate cryptocurrency into their national economic policies#AirdropFinderGuide #BinanceAlphaPoints #BinanceAlphaAlert #BTCvsMarkets