Unlike individual investors, governments do not buy and sell Bitcoin regularly. They obtain Bitcoin mainly through legal seizures or donations.

The United States is at the top of the list. Not only is it an economic powerhouse, but it is also the capital of Bitcoin, holding 207,189 Bitcoins, worth about $20 billion. Most of these were seized from major busts like Silk Road.

Next is China, which currently holds around 194,000 Bitcoins worth around $19 billion. Despite several bans on trading and mining, the country still holds a large amount of Bitcoins thanks to seizures from illegal activities, most notably the PlusToken Ponzi scheme.

Next, the UK seized around 61,000 Bitcoins, worth approximately $6 billion, from a sophisticated money laundering network.

In 4th place, Ukraine surprised many people when it was on the list of countries holding the most Bitcoin in the world. As of now, Ukraine owns 46,351 Bitcoins worth about $4.5 billion. Previously, Ukraine Chia the government's Bitcoin wallet address on social network X to receive direct donations.

Next is Bhutan, which currently holds 13,029 Bitcoins, worth over $700 million. Bhutan has been mining Bitcoin for years and initially kept its activities secret, but in 2023, Bhutan publicly stepped up its Bitcoin mining efforts.

El Salvador is on this list, which currently holds around 5,942 Bitcoins, worth around $500 million. El Salvador made history by becoming the first country in the world to accept Bitcoin as legal tender. Starting in November 2022, the government of El Salvador will launch a “1 Bitcoin a Day” program, pledging to buy 1 Bitcoin every day regardless of market price. This move once again underscores the government’s belief in Bitcoin as a strategic asset.

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