On-chain data indicates that the US government is currently one of the largest Bitcoin (BTC) whales in the world.
According to researchers at 21.co, the US government possesses 194,188 BTC worth more than $5.5 billion at time of writing.
21.co is the parent company of 21shares, the world’s largest crypto exchange-traded product (ETP) issuer.
That trove represents nearly 1% of BTC’s total circulating supply.
The 21.co researchers also note their analysis is a “lower-bound estimation of the…