Bitcoin News

Story: Governments Are Quietly Dumping Bitcoin—But One Country Is Going All In

By Julie Binoche

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Governments around the world are quietly pulling back from their Bitcoin positions, marking a surprising shift in the way sovereign nations are approaching the world’s most…

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The United States continues to lead the world in government-held Bitcoin, but its approach has been passive. The U.S.

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China also remains a major holder of Bitcoin, though its stance on cryptocurrency remains hostile.

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Other countries have taken more drastic steps. Germany sold off all of its Bitcoin holdings last year, a decision driven more by fiscal necessity than anti-crypto sentiment.

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Interestingly, only El Salvador has gone against the global trend. Despite agreeing to pause Bitcoin purchases in order to meet International Monetary Fund conditions for a loan,…

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Bhutan also briefly made headlines for its Bitcoin holdings, which came from mining powered by its hydroelectric resources.

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What emerges from CoinGecko’s analysis is a more fragile picture of government-held Bitcoin than many might expect.

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