*The Countries which holding largest Bitcoin reserves*
### **Countries Holding the Largest Bitcoin (BTC) Reserves**
Several nations and sovereign entities have been accumulating **Bitcoin as part of their national reserves**, either officially or unofficially. Below is a list of the **biggest known BTC holders among countries**, along with their estimated holdings and motives.
Key Insights on National Bitcoin Reserves
1. United States – The Silent Whale
- The U.S. government holds the largest known BTC stash (~215,000+ BTC) from seizures (Silk Road, Bitfinex, etc.).
- No official policy on using BTC as a reserve asset yet, but future sales or holdings could impact markets.
2. El Salvador – The Pioneer
- First country to make BTC legal tender(Sept 2021).
- Buys 1 BTC daily via dollar-cost averaging (DCA).
- Plans "Bitcoin City" powered by volcanic energy.
3. China – The Shadow Holder
- Despite banning crypto trading, China is a top Bitcoin miner (~15% of hash rate).
- Rumors persist that the government holds BTC secretly.
4. Bhutan – The Secret Miner
- Revealed in 2023 that it had been mining BTC for years.
- Uses
- hydroelectric power for sustainable mining.
5. Venezuela & Iran – Sanctions Evasion?
- Both countries use BTC for oil trades to bypass U.S. sanctions.
- Iran mines BTC and accepts it for exports.
6. Argentina – The Next Adopter?
- New president Javier Milei is pro-Bitcoin.
- Could follow El Salvador’s model in the future.