1. 🇺🇸 United States
– The U.S. government holds the largest amount of Bitcoin, mostly accumulated from law‑enforcement seizures of criminal assets. Estimates are around ~198,000–207,000 BTC, worth tens of billions of USD.
2. 🇨🇳 China
– Estimated to hold ~190,000+ BTC from seized funds (e.g., PlusToken Ponzi scheme). Despite strict crypto restrictions, China’s holdings remain massive.
3. 🇬🇧 United Kingdom
– The UK government holds around ~60,000+ BTC, mainly from criminal seizures.
4. 🇺🇦 Ukraine
– Ukraine’s government holds over ~46,000 BTC, much of it from donations to support national defense and government operations amid conflict.
5. 🇧🇹 Bhutan
– The small Himalayan kingdom has quietly amassed ~12,000–13,000+ BTC through state‑run hydro‑powered mining, making it one of the largest holders relative to its size.
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