Global Governments Amass Bitcoin: Seizures, Strategic Purchases, and State Mining

Photo of author

By Jason Walker

Governments globally are increasingly integrating Bitcoin (BTC) into their national holdings, though the methods of acquisition vary significantly. This emerging trend highlights a complex interplay of strategic financial policy, law enforcement activities, and the evolving role of digital assets in statecraft.

  • Governments worldwide are increasingly adopting Bitcoin as a national asset.
  • Acquisition methods range from law enforcement seizures to strategic purchases and state-backed mining.
  • The United States holds substantial reserves, primarily from high-profile confiscations like the Silk Road seizure.
  • China possesses significant Bitcoin holdings, largely obtained from illicit mining and fraud operations, despite a domestic retail trading ban.
  • El Salvador is unique in its strategy of direct Bitcoin purchases for its national treasury.
  • Bhutan has discretely accumulated Bitcoin through state-backed hydroelectric mining initiatives.

Leading Governmental Accumulators

As of July 31, 2025, data from BitcoinTreasuries.net, visualized by Visual Capitalist, identifies the United States as a leading governmental accumulator. Its substantial reserves primarily stem from high-profile law enforcement seizures. Notably, over 144,000 BTC were confiscated from the Silk Road marketplace in 2013; its founder, Ross Ulbricht, received a pardon from President Donald Trump in January 2025. These holdings contribute to a collective total valued in the tens of billions of dollars, using an estimated price of $118,454 per BTC.

China, despite a stringent national ban on retail cryptocurrency trading, holds an estimated 190,000 BTC, valued at approximately $22.5 billion. These significant holdings are largely a result of confiscations from illicit mining operations and financial fraud. This positions China as another major governmental holder, showcasing a pragmatic approach to confiscated digital assets amidst tight domestic regulation.

Diverse Global Strategies

Beyond these major powers, other nations are accumulating Bitcoin through distinct strategies. El Salvador stands unique as the sole state strategically purchasing Bitcoin for its national treasury, accumulating 6,257 BTC, valued over $740 million. Bhutan has also discreetly amassed over 11,000 BTC via state-backed hydroelectric mining. Furthermore, nations like Ukraine and North Korea hold reserves often linked to cyber activities and asset seizures. These diverse global patterns underscore Bitcoin’s growing recognition as a strategic asset across varied geopolitical landscapes.

Share