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A significant factor affecting the price of Bitcoin deals with the moves of the governments holding the majority of BTC tokens. In this respect, Arkham (a famous blockchain analysis forum that leverages AI technology to deanonymize the on-chain and blockchain data) has issued a dashboard that includes top Bitcoin-holding governments. The analytics platform took to the social media forum X to provide the details in this respect.
Top Governments Dashboard
— Arkham (@ArkhamIntel) July 6, 2024
Our team created a dashboard showing the largest tagged Governments on Arkham – including the US, UK, Germany and El Salvador.
For each country, you can see their current BTC holdings, graph of historical balances, and a real-time feed of their most… pic.twitter.com/WQBipaWGoO
Arkham’s Latest Dashboard Mentions Prominent Governments Owning Large BTC Holdings
Arkham, in its recent X post, mentioned that the dashboard offers an exclusive path into the major governments’ crypto holdings. It also provides information concerning the activities of these countries regarding cryptocurrency. The jurisdictions holding BTC in large amounts include the United States, United Kingdom, Germany, as well as El Salvador.
The platform has reportedly utilized its expertise in dealing with blockchain analytics, particularly the entity-tagging features for tracking government wallets. While discussing the respective list, the platform noted that it will potentially expand while the firm continues developing entity-tagging algorithms. Apart from that, the company has also revealed the BTC holdings of the governments within the dashboard.
The US and UK Possess 213,297.03 and 61,245.01 BTC Coins Respectively
Keeping that in view, the dashboard offers increased transparency by highlighting the engagement of a government with crypto. This reportedly promotes more accountability and transparency. Additionally, the respective service also facilitates the users with the provision of market analysis. Moreover, the consumers can also leverage it to comprehend the market strategies. Arkham added that the BTC Balance of the US government stands at 213,297.03. On the other hand, the UK government reportedly possesses nearly 61,245.01 BTC tokens.