Chinese authorities are considering the creation of a strategic bitcoin reserve (SBR), according to Bitcoin Magazine CEO David Bailey. He claims that after the US elections in November 2024, closed meetings on this issue began in Beijing.
It was previously reported that the Chinese government owned 190,000 $BTC confiscated from the cryptocurrency pyramid PlusToken. However, in 2020, the media reported the sale of these assets for $4.2 billion. Some analysts continue to track the movement of confiscated assets, including Ethereum. In January 2025, CryptoQuant CEO Ki Young Ju suggested that China sold all confiscated bitcoins through local exchanges such as Huobi.
If China creates an SBR, it will join the USA, where on March 6, 2025, President Donald Trump signed an order to establish a strategic bitcoin reserve based on confiscated state assets. According to Bitcoin Treasuries, US authorities control 198,109 BTC, but about 120,000 BTC are to be returned to the Bitfinex exchange after being seized from a hacker who compromised the platform in 2016.
Other countries also own significant amounts of bitcoin: the United Kingdom — 61,000 BTC, Ukraine — 46,351 BTC, Bhutan and El Salvador — 10,635 BTC and 6,103 BTC respectively. However, there have been no official statements regarding the creation of a strategic bitcoin reserve from these countries yet.
The creation of bitcoin reserves is seen as a strategic step that could strengthen the economic security of countries and their positions in the digital economy.
It makes sense to create your own bitcoin reserve 😁
