In 2025, the BTC Reserve Strategy has become a cornerstone of institutional finance. Governments and corporations are amassing Bitcoin as a store-of-value asset—positioning BTC as “digital gold” for the decentralized era.
🏢 Top 10 BTC-Holding Companies & ETFs:
1. BlackRock (IBIT ETF) – ~700,000 BTC
2. Strategy (MicroStrategy) – ~628,791 BTC
3. MARA Holdings – ~50,000 BTC
4. XXI – ~43,500 BTC
5. Bitcoin Standard Treasury – ~30,000 BTC
6. Riot Platforms – ~19,225 BTC
7. Trump Media & Technology – ~18,430 BTC
8. Metaplanet Inc. – ~17,595 BTC
9. Galaxy Digital Holdings – ~12,830 BTC
10. Tesla – ~11,509 BTC
(Franklin Templeton’s EZBC ETF holds ~5,300 BTC)
🌍 Top 10 Government Bitcoin Holders:
1. United States – ~200,000 BTC
2. China – ~194,000 BTC
3. United Kingdom – ~61,245 BTC
4. Ukraine – ~46,351 BTC
5. Bhutan – ~11,286 BTC
6. El Salvador – ~6,246 BTC
7. Finland – ~90 BTC
8. Georgia – ~66 BTC
9. India – ~450 BTC
10. Other Sovereign Custodians (Confirmed or Rumored): 🧭
UAE – Rumored to hold up to 420,000 BTC, potentially the world’s largest sovereign stash
Iran – Accumulates mined BTC through state mandates to fund imports
North Korea – ~1,900 BTC linked to state-sponsored cyber operations (e.g., Lazarus Group)
Venezuela – Estimated 240 BTC in government custody via seizures
Germany & Hong Kong – Potential custodians via seizures or central banks
Other exploring nations: Japan, Russia, Argentina, Brazil, Czech Republic, Poland
These countries either directly hold Bitcoin or are developing legal and monetary frameworks to integrate BTC into their national reserve portfolios.
🚀 Conclusion: Strategic Hoarding = Price Pressure
With governments, corporations, and ETFs now collectively holding well over 1.4 million BTC, more than 6.7% of the total supply is effectively locked up. Major players like BlackRock, Strategy, and even countries like the UAE or China aren’t just investing—they’re redefining Bitcoin’s role as a sovereign-grade reserve asset.
This structural supply reduction is contributing to Bitcoin’s surge past $115,000 in 2025. If current accumulation trends persist, the market could be on the edge of a supply-driven supercycle, pushing BTC toward unprecedented highs—and securing its place in the global monetary system.