According to recent findings from COINOTAG, as of December 6th, on-chain data from Arkham highlights that the UK government has amassed a substantial Bitcoin reserve of over 61,000 BTC. This impressive accumulation translates to a market capitalization exceeding 6 billion US dollars. When juxtaposed with earlier data from March, where total holdings approached 40 billion US dollars, the UK’s Bitcoin portfolio has witnessed a significant increase of 20 billion dollars, illustrating a decisive shift in the government’s engagement with cryptocurrency assets. Such strategic holdings not only reflect the nation’s potential as a pivotal player in the evolving digital currency landscape but also enhance investor confidence in Bitcoin as a legitimate alternative asset class.
Source: https://en.coinotag.com/breakingnews/uk-governments-bitcoin-holdings-surge-now-over-61000-btc-worth-6-billion/