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Mikhail  pfp
Mikhail
@sleepymishka
As a result of the seizure of assets from criminals, states became one of the largest holders of the main cryptocurrency. While investors buy Bitcoin on the open market by investing real money, governments are more likely to obtain Bitcoin by confiscating “digital gold.” Of all the Bitcoin-holding countries, only El Salvador is actively buying Bitcoin (since 2021), and also mining the cryptocurrency as part of the Volcano Energy government initiative, which uses geothermal sources as energy. According to the message of the President of El Salvador, Naibu Bukele, who published the official state Bitcoin address, there are more than 5.8 thousand BTC in the account of the country that has accepted BTC as a means of payment. Neither the US, nor China, nor the UK, nor Germany have ever officially purchased cryptocurrency. However, thanks to confiscations from criminals, governments of large countries have been able to accumulate crypto assets worth billions of dollars.
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