US Federal Government Owns More Than $14 Billion in Cryptocurrency: Arkham Intelligence Reveals Details
Date: 2024-05-08 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Cybersecurity specialists from Arkham Intelligence made an amazing discovery - they discovered a new wallet belonging to US federal authorities. This wallet contains as many as 3,940 bitcoins, which were confiscated from a drug cartel member back in January 2024.
Disclosure of the volume of crypto assets
According to analysts from Arkham Intelligence, the total amount of cryptocurrency assets stored in US government wallets exceeds $14 billion. Of this amount, Bitcoin accounts for more than $64 million, which underscores the importance of this asset in the investment strategy of the federal authorities.
Variety of coins on government wallets
In addition to Bitcoin, other cryptocurrencies in the US government's crypto portfolio include Ether, stablecoin USDT, TRX, CRV, MATIC, AVAX, as well as several memcoins, including CODAI, SHAKA and PIG. This demonstrates the diversity of investment strategies and demonstrates the government's willingness to embrace different types of cryptocurrency assets.
Future plans
Experts suggest that the US government will continue the strategy of accumulating cryptocurrency assets in its wallets and does not plan to sell them off in the near future. This allows the country to strengthen its position as one of the largest cryptocurrency holders in the world.
Arkham Intelligence Conclusions
A previously released dashboard from Arkham Intelligence confirms that the US federal government leads the world in cryptocurrency ownership. This opens up new perspectives and challenges in the field of cybersecurity and regulation of cryptocurrency assets.
