28-4-2025 – Nation-states now command over 463,741 Bitcoin tokens, marking a noteworthy 2.3% of the cryptocurrency’s finite supply. This figure represents a decline from the 529,591 Bitcoin recorded in mid-2024, as revealed in CoinGecko’s latest analysis.
The United States has emerged as the preeminent state holder of Bitcoin, maintaining a formidable cache of 198,012 tokens. In a watershed moment, President Trump’s executive order established the “Digital Fort Knox” initiative, fundamentally altering the government’s approach to cryptocurrency asset management. This paradigm shift effectively halted the longstanding practice of auctioning seized digital assets.
Despite maintaining stringent prohibitions on cryptocurrency trading and mining within its borders, China sits firmly in second position, controlling 194,000 Bitcoin. These holdings, predominantly acquired through the dissolution of the PlusToken scheme, have become a source of market speculation due to Beijing’s conspicuous silence regarding their eventual disposition.
The United Kingdom has secured its position as the third-largest state holder, with 61,000 Bitcoin acquired primarily through anti-money laundering operations. Meanwhile, the Kingdom of Bhutan has pioneered an innovative approach, accumulating 8,594 Bitcoin through eco-friendly hydroelectric mining ventures, showcasing a sustainable model for national cryptocurrency acquisition.
El Salvador continues its steadfast commitment to cryptocurrency integration under President Bukele’s leadership, amassing 6,135 Bitcoin through its distinctive daily acquisition strategy. This programme, operational since November 2022, exemplifies the nation’s dedication to embedding digital assets within its economic framework.
Germany’s substantial liquidation of 46,359 Bitcoin in mid-2024 triggered a significant market correction, whilst Ukraine has channelled 256 Bitcoin in donations towards its defensive and humanitarian endeavours. These contrasting approaches highlight the diverse strategies nations employ in managing their digital assets.
