The Chinese government holds more BTC than MicroStrategy.
Speculation shows that the Chinese government might have other BTC assets partly obtained from the PlusToken scam.
According to recent reports, the Chinese government is one of the largest BTC holders in the world. In a tweet by Ki Young Ju, CEO of CryptoQuant, the Chinese government holds more BTC than the popular BTC whale, MicroStrategy.
More details show that the Chinese authorities remitted 194,775 BTC, 833,083 ETH, 487 million XRP, 79,581 BCH, 1.4 million LTC, 27.6 million EOS, 74,167 DASH, 6 billion DOGE, and 213,724 USDT from the 2019 PlusToken scam. The Chinese police force seized these assets from the PlusToken Ponzi scheme in China.
FUN FACT: Government of China🇨🇳 is a crypto whale.
Chinese authorities seized 194k BTC, 833k ETH, and others from the PlusToken scam in 2019. They forfeited these $6 billion-worth assets to the national treasury.
FWIW, MicroStrategy has 130k $BTC. pic.twitter.com/Ilqp7EnenL
— Ki Y

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