Bitcoin is gaining popularity among governments, with roughly 463,000 BTC held by various countries. The US leads with nearly 200,000 BTC worth $18-$22 billion, establishing a Strategic Bitcoin Reserve. China follows with 190,000 BTC seized in 2019. Bhutan mines Bitcoin using hydropower, accumulating 12,000-13,000 BTC worth $1.1-$1.3 billion.

The UK seized 61,000 BTC linked to a Chinese fraud ring, considering retaining rather than selling them. Ukraine received $70 million in BTC donations for defense efforts. El Salvador accumulated over 6,000 BTC, becoming the first to declare Bitcoin legal tender. Iran uses regulated mining to accumulate state reserves. Rumored players like the UAE and Bulgaria also have significant Bitcoin holdings.

Silent Bitcoin accumulation is on the rise globally. Countries like Bhutan, Iran, and the US are strategically using Bitcoin for various purposes. While challenges exist, such as volatility and transparency, Bitcoin is becoming a tool of the state, shaping a new layer of global economic strategy.

Read more at Cointelegraph: Top Countries Secretly Holding Bitcoin in 2025