As August comes to an end, Bitcoin's performance lags behind traditional assets this month due to declining liquidity, and the market continues to worry that many governments may sell off Bitcoin inventory. Research firm Kaiko wrote in a report that those likely to carry out this disposal include the United States, the United Kingdom, and Ukraine, from the bankrupt Mt. The same goes for creditors that have received tokens from the Gox Digital Asset Exchange. The analysis shows that the overall Bitcoin supply could reach $33 billion. Kaiko estimates that the US government holds around 203,220 bitcoins, the UK's 61,200, and Ukraine's 46,350. Governments have confiscated cryptocurrencies in criminal cases, and Ukraine is believed to have received donations in the form of cryptocurrencies to help it defend against the Russian invasion. Meanwhile, Kaiko notes that Mt. Gox still has around 46,170 tokens to be distributed.

As August comes to an end, Bitcoin's performance lags behind traditional assets this month due to declining liquidity, and the market continues to worry that many governments may sell off Bitcoin inventory. Research firm Kaiko wrote in a report that those likely to carry out this disposal include the United States, the United Kingdom, and Ukraine, from the bankrupt Mt. The same goes for creditors that have received tokens from the Gox Digital Asset Exchange. The analysis shows that the overall Bitcoin supply could reach $33 billion. Kaiko estimates that the US government holds around 203,220 bitcoins, the UK's 61,200, and Ukraine's 46,350. Governments have confiscated cryptocurrencies in criminal cases, and Ukraine is believed to have received donations in the form of cryptocurrencies to help it defend against the Russian invasion. Meanwhile, Kaiko notes that Mt. Gox still has around 46,170 tokens to be distributed.