🌍 Governments now hold over 463,000 BTC — 2.3% of supply — worth tens of billions.

🇺🇸 US leads with ~200K BTC, now managed under a Strategic Bitcoin Reserve.

🇨🇳 China follows (~190K BTC seized), though usage remains unclear.

🇧🇹 Bhutan mined 13K BTC with hydropower — 40% of GDP.

🇬🇧 UK holds 61K BTC from a major seizure; debate continues on what to do with it.

🇸🇻 El Salvador continues daily buys despite dropping BTC as legal tender.

🇮🇷 Iran mines BTC via state-licensed operations to bypass sanctions.

🇺🇦 Ukraine used BTC for wartime aid; balance now ~186 BTC.

🕵️‍♂️ Rumored players: UAE (420K BTC?), Bulgaria (200K BTC?), Venezuela, Germany, Hong Kong.

Bitcoin is no longer just a retail asset — it’s a state tool.