Back in 2010, no one anticipated that Bitcoin would reach a value of $100,000 in the future and become one of the world’s preferred stores of value. However, by 2025, the largest governments around the world were holding billions of dollars worth of Bitcoin, utilizing it as a strategic digital asset reserve, similar to gold.
Bitcoin has evolved beyond a digital asset; it is the digital gold of this new financial era. Additionally, it is assisting nations to revitalize their economies. Nations such as El Salvador, Bhutan, and more using Bitcoin to boost their economic growth.
Crypto enthusiasts are particularly interested in which governments hold the most Bitcoin. Countries such as the USA, China, the UK, and Ukraine are the top Governments with the highest Bitcoin holdings. However, as Bitcoin prices explode throughout 2024, these governments are planning to add more Bitcoin to their stack.
In this article, we will discuss the government that holds the most number of Bitcoins, so without wasting more time let’s get started.
Leading Governments with the Largest Bitcoin Reserves
As of January 2025, governments across the globe have 471,000 Bitcoins which is 2.5% of BTC’s total supply. These governments acquired Bitcoin via various methods such as strategic buying, public donations, and asset seizures from criminals.
As Bitcoin leapfrogged other assets in terms of value, its adoption by governments and corporations has increased. Governments are using it to enhance their economies while corporates using it as a store value to fight inflation. Moreover, it has now also been utilized as a tool for geopolitical strategy. Countries such as El Salvador, and Bhutan using it for their economic growth, while the U.S. and China are using it as a store value.
USA
The United States of America holds the most number of Bitcoins and carries 207,189 Bitcoins worth 21.28 billion. The USA has 0.987% of the total supply of Bitcoin. The government acquired these assets through Criminal seizures like Silk Road, Bitfinex, etc. Currently, it is the largest Bitcoin-holding government across the globe which impacts the market massively.
China
China is another country that holds the largest Bitcoin reserve after the USA. Currently, the country holds 194,000 Bitcoins worth over $19.92 billion. Presently, China holds 0.924% of the total supply of Bitcoin. The country acquired this asset through a Seized from the PlusToken Ponzi Scheme and some other miners.
United Kingdom
United Kingdom (UK) holds 61,000 BTCs which is valued at $6.26 billion. It holds approximately 0.29% of the total supply of BTC. The nation acquired these assets through seizures from money laundering and fraud operations conducted by Chinese operators running illegal exchanges.
Ukraine
Ukraine holds over 46,351 BTCs worth over $4.85 billion. Ukraine gets all crypto holdings through public donations during the ongoing conflict with Russia. Moreover, in 2022 the Ukrainian government made its Bitcoin wallet data public which helped the government to get donations for their military’s funding.
Bhutan
Bhutan holds 13,029 Bitcoins worth over $1.36 billion, 0.062% of the total supply. Bhutan acquired all these Bitcoins through the mining process. These mining operations help the country to grow its GDP by 25% and also boost its economic growth. Bhutan is one of the pioneer countries that adopted crypto mining to improve their economic status. The country does mining through renewable hydropower resources which reduce pollution and increase sustainability. The green approach to mining Bitcoin positions Bhutan as the emerging star in the crypto space.
“Want to know more about Bitcoin holders than read Top 10 Largest Corporate Holders of Bitcoin”
EL Salvador
EL Salvador holds over 13,029 Bitcoins worth over $0.63 billion 0.029% of the total supply of BTC. The country acquired all these digital assets under a national adoption strategy. This program was launched in 2022, and under this strategy country will buy 1 Bitcoin per day. EL Salvador was the first country who adopt Bitcoin as a legal tender and use it as a tool to boost their economic growth.
Finland
Finland holds over 1,981 Bitcoins which worth is over $207.27 million. The country seized all its holdings during narcotics trafficking investigations and sold some of the assets to fund social programs. Finland is a new emerging player who adopting Bitcoin as a store value.
Georgia
Georgia comes at number eight and holds over 66 Bitcoin worth over $6.19 million. The country is emerging as a new player who adopting Bitcoin and digital assets to give a boost to its economic growth. Georgia’s cryptocurrency industry is growing rapidly having lots of crypto startups and crypto ATMs.
Crypto Adoption At its Peak In 2025
In recent years Bitcoin and crypto adoption has been at their peak and countries like Bhutan, El Salvador, Kenya, and more are adopting Bitcoin to escalate their growth. These nations are implementing eco-friendly mining operations to mine Bitcoins through green energy.
El Salvador was the first country who adopt Bitcoin as a legal tender and support the cryptocurrency openly. Nayib Bukele is pro-crypto president and also indulges in developing of smart city known as “Bitcoin city”. The country uses geothermal energy from volcanic activity to power its mining operations.
The Himalayan Kingdom of Bhutan was another country that benefited from Bitcoin. The country made 55 BTC to 75 BTC per week from its mining process. As per the 2023 World Bank report, Bhutan’s cryptocurrency reserve is equal to 26.9% of its total GDP of $2.9 billion. The data clearly show how Bitcoin transform the growth structure of Bhutan.
Now, following Bhutan and El Salvador many countries are adopting the same path to develop their economies through digital assets. The United States is also preparing to make its Bitcoin reserve to become the crypto capital of the world.
“Also Read The Rise of MicroStrategy: How It Became World’s Largest Corporate Bitcoin Holder”
Final Thoughts
The United States of America is preparing to accumulate more Bitcoins through the creation of the Strategic Digital Asset Reserve. Now following the U.S. other countries are also preparing to make a Bitcoin Reserve to boost their economic growth.
As Bitcoin has a limited supply of only 21 million coins, a competition has emerged to acquire the largest amount of this digital gold. Bitcoin is not just a regular store of value; it has become the most valuable asset globally, and its value is expected to increase rapidly over time. As of now, it is trading at $104,000, but experts believe it could reach $250,000 by 2026. However, only time will tell how high it can actually go. In the meantime, continue trading, investing, and enjoying the growth.
