Governments worldwide are increasingly holding bitcoin, whether through deliberate strategy or enforcement seizures. Today, some of the biggest national treasuries include hundreds of thousands of coins, worth billions of dollars.
In this infographic, Visual Capitalist’s Marcus Lu visualizes the countries with the most bitcoin as of July 31, 2025.
The data for this visualization comes from BitcoinTreasuries.net, which shows how much bitcoin each country has accumulated. Note that this may not be a conclusive list, as some countries may not publicly report their reserves. Values were based on a BTC price of $118,454 USD.
Hellbound and Down 