🏦 Bitcoin has long ceased to be a toy for enthusiasts. Today it has become a strategic asset — a digital equivalent of gold, a tool of influence, and for some countries, even a political weapon.
Who holds the largest BTC reserves in the world?
USA – 198,012 BTC (about $24.6 billion)
The United States is the undisputed leader. Most of the country’s bitcoins came into government possession after seizures from cybercriminals and darknet platforms like Silk Road. Interestingly, the U.S. regularly holds auctions to sell seized BTC, yet remains the largest holder of cryptocurrency in the world.
For Washington, bitcoin is not just an asset but also a tool of control: the more BTC the state owns, the greater its influence on the market.
China – 194,000 BTC (about $24.1 billion)
Despite the ban on mining and trading platforms, China remains among the leaders. The government accumulated a large number of bitcoins before the restrictions, and part of the coins was confiscated from closed exchanges and companies.
Interestingly, despite its tough stance, Beijing is in no hurry to sell crypto assets — it seems China views BTC as a reserve asset in case of global currency instability.
United Kingdom – 61,245 BTC (about $7.6 billion)
London has long positioned itself as the financial capital of Europe, and in the crypto world, that reputation still holds. A significant portion of British bitcoins was also seized from criminal groups and illegal exchangers.
In recent years, institutional ownership of crypto assets has been growing — more funds and hedge companies are holding BTC as long-term protection against inflation.
Ukraine – 46,351 BTC (about $5.7 billion)
Ukraine unexpectedly entered the top five — and not by accident. The country has a high level of crypto adoption, active mining, and a favorable digital culture.
Many Ukrainians hold BTC as a way to preserve capital during economic turbulence. The government also considers the possibility of legalizing and using cryptocurrencies for investment and international settlements.
Ukraine’s crypto industry remains one of the most dynamic in Europe.
Bhutan – 11,286 BTC (about $1.4 billion)
The most surprising name on the list — the small Himalayan kingdom of Bhutan, known for its philosophy of “national happiness” and natural landscapes.
It turned out that Bhutan’s government has been investing in bitcoin and other digital assets for several years through the state fund Druk Holding & Investments. The funds come from hydroelectric power exports, and part of that energy is used for mining.
Thus, Bhutan is one of the few countries where mining and state investment go hand in hand.
El Salvador – 5,875 BTC (about $730 million)
The first country to recognize bitcoin as legal tender. The government continues to increase its reserves, viewing cryptocurrency as an element of financial sovereignty.
Finland – 1,981 BTC (about $245 million)
Finnish authorities have sold part of the confiscated coins in recent years but kept some assets as a strategic reserve.
Georgia – 1,015 BTC (about $125 million)
Georgia actively develops its mining and blockchain infrastructure and sees cryptocurrencies as a tool for attracting investment into the economy.
💰 Altogether, these countries control over 510,000 BTC, which is about 2.4% of all mined bitcoins.
Such a volume allows them not only to influence the market but also to build a new economic strategy — where cryptocurrency becomes not a threat but a part of national reserves.
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