$BTC Top Government Bitcoin Holders:

The U.S. government holds $20.9 billion in Bitcoin, now the backbone of its Strategic Bitcoin Reserve.

North Korea’s Lazarus group has sold over 10,000 BTC since the beginning of March 2025.

Bhutan mining operations have replenished recently sold Bitcoins.

Several U.S. states have now approved the creation of BTC reserves.

Despite its notorious volatility, Bitcoin (BTC) has become a favored store of value.

With governments now holding billions in BTC, China potentially selling its holdings, and the U.S. establishing a Bitcoin Strategic Reserve, Bitcoin’s role in the global economy is evolving.

A list of the top Bitcoin-holding governments in 2025, per data gathered from Arkham Intelligence and Bitcoin Treasuries:

Country Amount (Bitcoin/USD)

The UAE 420,000 BTC / $44.3 billion (rumored)

The United States 198,012 BTC / $20.9 billion

China 190,000 BTC / $20.06 billion (estimated)

The United Kingdom 61,245 BTC / $6.46 billion

Ukraine 46,351 BTC / $4.86 billion (estimated)

Bhutan 12,062 BTC / $1.27 billion

El Salvador 6,202 BTC / $655.14 million

North Korea (Lazarus Group) 2,873 BTC / $303.44 million

Venezuela 240 BTC / $25.3 million (estimated)