#数字货币市场洞察 $BTC $ETH A Comprehensive Overview of Bitcoin Reserves by Country—How Much Do You Know?

In 2025, major economies display vastly different paths in accumulating their Bitcoin reserves. Some come from law enforcement seizures, others are obtained through mining, and some are acquired via strategic purchases. These differences reflect each country's attitude toward and capacity for managing crypto assets.

**The Two Biggest Players with the Largest Reserves**

The United States leads by a wide margin, holding 207,189 bitcoins, with nearly all reserves stemming from law enforcement seizures. From the notorious "Silk Road" illegal platform to well-known exchange hacking cases, these confiscated bitcoins have ultimately been consolidated into the government system. In March 2025, the U.S. also established a dedicated cryptocurrency reserve vault to centrally manage these scattered assets.

China follows closely behind with 194,000 bitcoins. Despite strict domestic restrictions on crypto trading and mining, its reserves remain substantial. These bitcoins mainly come from the seizure of assets tied to the PlusToken Ponzi scheme.

**Diverse Approaches in Europe and Emerging Markets**

The United Kingdom holds 61,000 bitcoins, valued at around $6 billion. These reserves were all gained through law enforcement actions against crimes such as money laundering. Whether these assets will be sold in the future remains unclear.

The United Arab Emirates takes a slightly different approach—its holdings of about 6,300 bitcoins rank fourth globally, but these were not seized assets. Instead, local companies have accumulated them through mining, leveraging abundant solar and natural gas resources. This reflects another approach to digital asset development in the region.

**Countries Benefiting from Natural Resources**

Bhutan, with its rich hydropower resources, has accumulated between 8,594 and 13,029 bitcoins through mining (estimates vary), and these assets contribute significantly to its GDP.

El Salvador, the first country to adopt Bitcoin as legal tender, holds around 6,135 bitcoins. The country has taken a long-term and resolute approach—buying 1 bitcoin every day to gradually build its reserves, showcasing strong confidence in crypto assets.

**Wartime Liquidation Case**

Ukraine’s situation is unique. The country once received 256 bitcoins through donations from international supporters, but all of these assets were eventually liquidated to fund military and humanitarian aid during the conflict. As of now, Ukraine holds no remaining bitcoin reserves.

These figures illustrate that the global distribution of Bitcoin reserves not only reflects national policy directions but also demonstrates the diverse prospects for crypto assets at the sovereign level.