Here are some countries known to hold Bitcoin (BTC) as part of government reserves or through seizures:

1. United States

Estimated Holdings: Over 200,000 BTC

Source: Mostly from law enforcement seizures (e.g., Silk Road, Bitfinex hack)

2. El Salvador

Estimated Holdings: Around 5,750+ BTC (as of early 2025)

Purpose: National treasury investment; Bitcoin is legal tender in El Salvador.

3. Germany

Estimated Holdings: ~50,000 BTC (from law enforcement seizures)

Status: Held by the federal police and not officially used as reserves.

4. Ukraine

Estimated Holdings: Around 46,000 BTC (claimed in government transparency disclosures)

Note: This includes holdings by government officials, not state reserves.

5. China

Estimated Holdings: ~190,000 BTC (seized from the PlusToken Ponzi scheme)

Status: Official position is anti-Bitcoin, but coins remain unsold or undisclosed.

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