ZoneBitcoin EditorialAs Bitcoin continues to establish itself as a strategic asset on the global stage, several nations have accumulated significant Bitcoin reserves. These reserves reflect a variety of economic policies, ranging from judicial seizure to strategic investment. Some countries have indeed accumulated Bitcoin—against their will—by seizing assets linked to illegal activities. Other countries, such as El Salvador, hold Bitcoin as a matter of course.
Here's a rundown of the countries with the largest Bitcoin reserves in 2025.
🇺🇸 1. United States – Approximately 207 BTC
The United States leads the way with approximately 207 BTC, mostly acquired through judicial seizures. With the case alone Silk Road, the United States got its hands on more than 264 bitcoins, a colossal seizure which demonstrates the extent of their control over funds from the darknet.
Thus, while the United States has reduced its Bitcoin holdings in the past due to sales, the current trend appears to be toward holding onto these digital assets. In March 2025, President Donald Trump signed an executive order establishing a strategic Bitcoin reserve, consolidating these holdings within the U.S. Treasury.
🇨🇳 2. China – Around 194 BTC
Despite restrictive policies toward cryptocurrencies, China holds approximately 194 BTC, primarily from seizures related to illegal activities. This stash demonstrates a pragmatic approach, using Bitcoin as a strategic asset while maintaining strict controls over its domestic use.
🇬🇧 3. United Kingdom – Approximately 61 BTC
The United Kingdom holds approximately 61 BTC, acquired primarily through court-ordered seizures. The British government is taking a cautious stance, supporting the development of blockchain technology while enforcing strict regulations to prevent illicit activity.
🇺🇦 4. Ukraine – Around 46 BTC
Since the start of the conflict with Russia, Ukraine has received donations of cryptocurrencies, including Bitcoin, to support its war efforts. These donations, combined with court-ordered seizures, have allowed Ukraine to accumulate approximately 46 BTC. The country is also exploring the integration of blockchain into its government services.
🇧🇹 5. Bhutan – Approximately 13 BTC
Unlike the other countries mentioned, Bhutan is a country that owns Bitcoin as a result of political will. Indeed, thanks to its abundant hydroelectric resources, it has invested in Bitcoin mining since 2019. The country currently holds approximately 13 BTC, representing a significant portion of its GDP. This strategy aims to diversify its economy and take advantage of the opportunities offered by cryptocurrencies.
🇸🇻 6. El Salvador – Around 6 BTC
Pioneer in the adoption of Bitcoin as legal tender in 2021, El Salvador holds approximately 6 BTC. Despite economic challenges and international criticism, the country continues to invest in Bitcoin, hoping to boost its economy and attract foreign investment.
🇰🇵 7. North Korea – Approximately 13 BTC (unofficial)
North Korea is believed to have accumulated approximately 13 BTC through hacking activities, including through the Lazarus Group. These funds are believed to be used to finance military programs and circumvent international sanctions. However, these holdings are not officially acknowledged, and it is difficult to pinpoint the exact amount.
🔍 Analysis and perspectives
The accumulation of Bitcoin reserves by these countries reflects a growing recognition of Bitcoin as a strategic asset. While some use it to diversify their national reserves, others see it as a way to strengthen their economic sovereignty or finance specific activities.
This trend could intensify in the coming years, with more and more nations exploring the integration of Bitcoin into their economic policies.
