In recent years, Bitcoin has become not only a means for retail traders but a strategic asset for entire nations. This article presents the countries with the largest Bitcoin reserves as of 2025.
Methodology for Measuring Bitcoin Holdings
Measuring crypto holdings by country requires a blend of on-chain analysis, official records, and indirect asset tracking. The most transparent data comes from government disclosures, such as official reserve statements or public announcements from central banks.
Top 10 Countries Holding Bitcoin
As of August 9, 2025, the countries with the largest Bitcoin reserves are:
* United States (198,012 BTC, $22.8 billion) * China (190,000 BTC, $21.88 billion) * United Kingdom (61,245 BTC, $7.05 billion) * Ukraine (46,351 BTC, $5.33 billion) * Bhutan (11,286 BTC, $1.3 billion) * United Arab Emirates (6,300 BTC, ~$740 million) * El Salvador (6,255 BTC, $720.9 million) * North Korea (804 BTC, ~$92.54 million) * Venezuela (240 BTC, $27.6 million) * Finland (90 BTC, ~$10 million).
Impact of Bitcoin Holdings on the Global Market
When a significant share of Bitcoin is held by a handful of countries, market liquidity can become fragile. If these governments decide to aggressively purchase assets, it could lead to price increases, while a coordinated sell-off may trigger steep price drops.
It is anticipated that by 2030, more nations will officially declare their Bitcoin holdings, making this cryptocurrency a strategic component of national reserves.
