Bitcoin Billionaires: The Countries Dominating Crypto Holdings in 2025
The global Bitcoin arms race heats up as nations stack SATs like geopolitical poker chips. Here’s who’s winning—and why Wall Street still doesn’t get it.
The New Gold Standard (Without the Gold)
Forget Fort Knox—2025’s treasure vaults are digital. From Silicon Valley to Singapore, countries are rewriting monetary policy one block at a time. No central bank permission needed.
El Salvador 2.0: Who Doubled Down?
After the first-mover advantage faded, unexpected players emerged. Not just tax havens—industrial powerhouses now treat BTC reserves like strategic oil reserves. The IMF hates this one weird trick.
Paper Hands Need Not Apply
While hedge funds paper-trade ETFs, these nations hodl cold storage keys like nuclear codes. Pro tip: When your treasury’s IT guy outearns the finance minister, you’re doing crypto right.
The real shocker? The #1 holder isn’t who CNBC told you to expect. (Spoiler: Their citizens actually use it to buy coffee—take that, ‘store of value’ purists.)
Which Are The Leading Bitcoin-Holding Countries?
The United States and China dominate the list of Bitcoin-holding countries, amassing significant reserves through distinct approaches. The U.S. has already acquired almost 200,000 BTC a worth $18-$22 billion, mostly as a result of taking down unlawful operations like the apprehension of the Silk Road. In March 2025, President Trump’s executive order established a Strategic bitcoin Reserve, signaling a shift from auctioning seized assets to treating Bitcoin as a geopolitical tool.
With more than 190,000 BTC of the PlusToken scam seized and confiscated in 2019, China is less transparent, with rumors saying that the coins are still stored in cold wallets. These two are the pioneers of the Bitcoin holding countries, but not only they, others are also emerging with innovative strategies.
Why Is Bhutan a Hidden Powerhouse Among Bitcoin-Holding Countries?
Bhutan, a little Himalayan kingdom, has emerged to be a surprising leader among the Bitcoin holding countries, with its rich hydropower, utilizing 12,000-13,000 BTC, worth $1.1-1.3 billion. This represents 30–40% of its $3 billion GDP, a staggering proportion unmatched globally.
How Does the United Kingdom Rank Among Bitcoin-Holding Countries?The United Kingdom has quietly joined the ranks of Bitcoin-holding countries with 61,000 BTC, worth approximately £5 billion, seized in a 2021 money laundering investigation. However, contrasting the conventional methods of seizing crypto, the Crown Prosecution Service might be willing to keep the assets and end up having a surprise sovereign reserve.
However, debates over volatility and policy consistency persist with no formal ruling on the creation of a strategic reserve.The UK’s significant holdings place it among elite Bitcoin-holding countries triggering the debate of its territorial role in crypto geopolitics.
What Drives Ukraine’s Role Among Bitcoin-Holding Countries?Ukraine has already received donations worth more than $70 million in BTC and quickly utilized that capital to afford military and humanitarian activities ever since the 2022 Russian invasion. As of the middle of 2025, it had only 186 BTC left, which demonstrates its practical attitude toward spending more than holding.
Unlike other Bitcoin-holding countries focused on reserve-building, Ukraine’s strategy highlights Bitcoin’s utility as a borderless, real-time financial tool in times of crisis.
The emergence of Bitcoin-holding countries marks a pivotal moment in digital finance, with nations like the U.S., China, Bhutan, and Ukraine leading diverse strategies for accumulation. From seizures to fundraising, these countries demonstrate the versatility of this asset.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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