Regulation· ★★★· neutral·

Governments hold 646,000 BTC, roughly 3% of total supply

  • —US holds 328,000 BTC, about 51% of all government reserves
  • —China holds 190,000 BTC, the UK 61,000 BTC
  • —Three countries account for nearly 90% of tracked public reserves
  • —Most holdings stem from seizures, not strategic purchases
Why it matters: Large state reserves pose a liquidity risk: selling even part of seized BTC could add fresh supply pressure to the market.
Source: CryptoActu