What Countries Hold the Largest Bitcoin Reserves in 2025?

As Bitcoin continues to revolutionize the financial landscape, governments around the world have recognized its potential and accumulated substantial reserves. According to data gathered from Coinpedia Coinweb and CoinEdition, here is a list of the top Bitcoin-holding countries in 2025:

United States

Amount: 212,000 BTC

Value: $7.37 billion

The United States holds the largest government Bitcoin reserve, mostly obtained through enforcement actions against cybercriminals and dark web markets.

China

Amount: 194,000 BTC

Value: $6.74 billion

Despite its stringent regulations on cryptocurrency trading, China remains one of the top Bitcoin holders with an estimated 194,000 BTC.

United Kingdom

Amount: 61,000 BTC

Value: $2.12 billion

The United Kingdom holds 61,000 BTC, valued at $2.12 billion. The UK’s growing interest in Bitcoin is part of its broader strategy to become a global hub for financial technology and innovation.

Bhutan

Amount: 13,029 BTC

Value: $780 million

Bhutan, a small yet progressive nation, holds 13,029 BTC in its reserves. This move aligns with Bhutan’s vision of integrating digital innovation into its economy and driving sustainable development.

El Salvador

Amount: 5,800 BTC

Value: $201 million

El Salvador, the first country to adopt Bitcoin as legal tender, holds 5,800 BTC. This pioneering decision reflects the nation’s commitment to leveraging cryptocurrency for financial inclusion and economic growth.

Ukraine

Amount: 1,200 BTC

Value: $41.7 million

Ukraine’s estimated holding of 1,200 BTC underscores its proactive stance towards digital currency adoption. The country views Bitcoin as a tool for economic stability and growth amidst geopolitical challenges.

Finland

Amount: 1,890 BTC

Value: $65.6 million

Finland holds an estimated 1,890 BTC, valued at $65.6 million. This Nordic country’s interest in Bitcoin is driven by its focus on technological innovation and sustainable economic practices.

India

Amount: 450 BTC

Value: $15.6 million

India holds an estimated 450 BTC, valued at $15.6 million. This holding signifies India’s cautious yet strategic approach to cryptocurrency amidst economic challenges.

Germany

Amount: 0 BTC

Value: $0

Germany previously held 46,359 BTC but has since sold its holdings. The country is exploring the potential use of Bitcoin for a national digital asset fund.

Georgia

Amount: 66 BTC

Value: $5.83 million

Georgia, with its 66 BTC reserves, underscores its commitment to digital asset adoption. The country’s progressive policies and strategic investments make it a noteworthy player in the cryptocurrency space.

These countries’ substantial Bitcoin holdings reflect their strategic foresight and willingness to embrace the digital future. As Bitcoin continues to gain traction, it will be fascinating to see how these governments leverage their reserves to shape the global financial landscape.