Bitcoin (BTC) hit a local high above $94,300 today, its biggest surge since February. Over the past week, it has risen 11.74%, up from $83,710, as bullish momentum strengthens.
Bitcoin’s growing role as a global store of value is reshaping economic strategies worldwide. Governments are collectively holding billions in BTC, with some countries actively integrating the asset into public policy.
Bhutan, for example, used its Bitcoin reserves to double civil servant salaries and is now turning to its hydropower resources for Bitcoin mining. The country currently holds 7,697 BTC, valued at over $700 million.
El Salvador, after a brief ramp-up in acquisitions, has returned to its “one BTC a day” strategy. It now holds 6,155 BTC worth approximately $567 million but faces pressure to end this policy by July 2025 as part of an IMF loan agreement.
North Korea has emerged as a major BTC holder, with its Lazarus Group now controlling 8,889 BTC following years of crypto-related cyberattacks, including the record-breaking Bybit hack. These funds are believed to be state-controlled.
Speculation suggests China may have sold its 194,000 BTC stash seized from the PlusToken scam, based on on-chain movements through mixers and exchanges, though this remains unconfirmed.
The United Arab Emirates is rumored to possess as much as 420,000 BTC, with support for the claim coming from former Binance CEO Changpeng Zhao, though official confirmation is still lacking.
Meanwhile, the U.S. has taken a significant step by establishing a Strategic Bitcoin Reserve. Under the proposed BITCOIN Act, it could accumulate up to 200,000 BTC annually, signaling a new era of crypto-driven economic policy.
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