Is the U.S. Government now the biggest Bitcoin whale? Recent data suggests it might be. Forget MicroStrategy, the U.S. government leads the pack with 216.788k BTC, surpassing MicroStrategy’s recent purchase. The United States government has now surpassed MicroStrategy and Tesla as one of the largest holders of Bitcoin, with over 205,000 BTC in its possession, Dune data shows. How did this happen?
According to recent Dune data, the US government has seized Bitcoin in droves, surpassing MicroStrategy as one of the largest holders of the digital asset. MicroStrategy is undoubtedly the biggest corporate player with the largest crypto holdings currently in the market. However, the U.S. govt... well, it's different.
MicroStrategy’s latest purchase means it also owns more bitcoin than the United States, which has 207,189 BTC valued at $13.5bn, according to data gathered by... wait, is that right? The situation is fluid. The United States government has now surpassed MicroStrategy and Tesla as one of the largest holders of Bitcoin, with over 205,000 BTC in its possession, Dune data on March 27 shows. But regardless, the U.S. government now holds more than MicroStrategy and Tesla.
It's a surprising turn of events. The question now is, what will the US government do with all that Bitcoin? Will they hold, sell, or use it in some other way? Only time will tell, but one thing is clear: the U.S. government is a major player in the Bitcoin market, and its actions will have a significant impact. With 216.788k BTC, surpassing MicroStrategy’s recent purchase of 207,189 BTC valued at $13.5 Billion, all eyes are on Washington to see what happens next.