As the United States prepares to establish its Strategic Bitcoin Reserve (SBR), global interest in national Bitcoin holdings has surged. Below is an updated breakdown of the top nine countries with significant official Bitcoin reserves, based on verified data and disclosures.
Top 9 Countries with the Largest Bitcoin Holdings
1. China – 194,000 BTC ($1.7B)
China leads with 194,000 BTC, valued at ~$1.7 billion (BTC price: $89,500). The government’s holdings were last reported in December 2024.
👉 Why China’s Bitcoin strategy matters
2. United States – 112,189 BTC ($10B)
The U.S. holds 112,189 BTC (~$10B). Historically, it sold **195,000 BTC** for $366M—missing potential profits exceeding $17B.
3. United Kingdom – 61,000 BTC ($5.5B)
The UK’s 61,000 BTC reserve is worth ~$5.5B, reflecting a long-term commitment to digital assets.
4. Ukraine – 46,351 BTC ($4.1B)
Ukraine’s 46,351 BTC (~$4.1B) highlights its progressive stance on crypto adoption amid economic challenges.
5. Bhutan – 13,029 BTC ($1.16B)
Bhutan’s 13,029 BTC (~$1.16B) funds national expenses, per the Prime Minister’s public disclosure.
6. El Salvador – 6,103 BTC ($548M)
El Salvador’s 6,103 BTC (~$548M) supports its economy, including the $1.6B Bitcoin City infrastructure project.
7. Finland – 1,918 BTC ($171M)
Finland’s 1,918 BTC (~$171M) is part of a green-energy initiative, using Bitcoin miners to power district heating.
8. Venezuela – 240 BTC ($21M)
Venezuela holds 240 BTC (~$21M), leveraging crypto to mitigate inflation.
9. Georgia – 66 BTC ($5.9M)
Georgia’s 66 BTC (~$5.9M) positions it as a small-scale but strategic holder.
Undisclosed Holders & Future Trends
- Russia and the Czech Republic are speculated to hold Bitcoin but haven’t confirmed officially.
- G20 nations may follow the U.S. in creating SBRs, per Coinbase CEO Brian Armstrong.
👉 How Bitcoin reserves reshape global economies
FAQs
Q1: Which country holds the most Bitcoin?
A1: China leads with 194,000 BTC ($1.7B).
Q2: Why did the U.S. sell its Bitcoin?
A2: The U.S. sold 195,000 BTC prematurely, missing $17B+ in potential gains.
Q3: How does Finland use Bitcoin mining?
A3: Finland’s Genesis Terahash project converts mining heat into energy for 12,000 residents.
Q4: Will more countries adopt Bitcoin reserves?
A4: Yes—G20 nations are expected to announce SBRs post-U.S. adoption.
Q5: What’s unique about El Salvador’s strategy?
A5: It funds Bitcoin City, a $1.6B port project, via BTC treasury holdings.
Data as of December 2024. All values are approximate and subject to market fluctuations.