| Argentina | >1 BTC reportedState-linked estimate · Report published: 2026-02-24 Reported threshold only · exact balance and current retention unknown. Source ↗ | ~3.5 EH/s2026-06 Source estimate ↗ |
|---|
| Bhutan | 518 BTCState-linked estimate · Observation: 2026-09-15 Source ↗ | Not reported |
|---|
| Bolivia | Not reported | ~3 EH/s2026-06 Source estimate ↗ |
|---|
| Brazil | >1 BTC reportedState-linked estimate · Report published: 2026-02-24 Reported threshold only · exact balance and current retention unknown. Source ↗ | ~3.5 EH/s2026-03 Source estimate ↗ |
|---|
| Bulgaria | Not quantifiedHistorical / unresolved · Observation: 2018-01-01 Historical observation · current balance and retention unverified. Source ↗ | Not reported |
|---|
| Canada | Not reported | ~24 EH/s2.6% global share · 2026-06 Source estimate ↗ |
|---|
| Czech Republic | Not quantifiedIndirect / test portfolio · Observation: 2025-11-13 Indirect / portfolio exposure, NOT a directly held national BTC reserve. Source ↗ | Not reported |
|---|
| El Salvador | 7,795.3743 BTCPublished state wallet · Observation: 2026-10-05 Source ↗ | Not reported |
|---|
| Ethiopia | >1 BTC reportedState-linked estimate · Report published: 2026-02-24 Reported threshold only · exact balance and current retention unknown. Source ↗ | ~23 EH/s2.4% global share · 2026-06 Source estimate ↗ |
|---|
| Finland | 90 BTCSeized / custody estimate · Observation: 2022-07-21 Source ↗ | ~7 EH/s2026-06 Source estimate ↗ |
|---|
| France | 739 BTCHistorical / unresolved · Observation: 2021-12-31 Historical observation · current balance and retention unverified. Source ↗ | Not reported |
|---|
| Georgia | Not reported | ~11 EH/s2026-06 Source estimate ↗ |
|---|
| Germany | 0 BTCTracked case sold · Observation: 2024-07-12 Source ↗ | Not reported |
|---|
| Guatemala | >1 BTC reportedState-linked estimate · Report published: 2026-02-24 Reported threshold only · exact balance and current retention unknown. Source ↗ | Not reported |
|---|
| Indonesia | Not reported | ~17 EH/s1.8% global share · 2026-06 Source estimate ↗ |
|---|
| Iran | >1 BTC reportedState-linked estimate · Report published: 2026-02-24 Reported threshold only · exact balance and current retention unknown. Source ↗ | ~2 EH/s2026-06 Source estimate ↗ |
|---|
| Kazakhstan | 3,544 BTCState-linked estimate · Observation: 2026-03-06 Source ↗ | ~15 EH/s2026-06 Source estimate ↗ |
|---|
| Kyrgyzstan | Not reported | ~4 EH/s2026-06 Source estimate ↗ |
|---|
| Laos | Not reported | ~8 EH/s2026-06 Source estimate ↗ |
|---|
| Luxembourg | Not quantifiedIndirect / test portfolio · Observation: 2025-11-03 Indirect / portfolio exposure, NOT a directly held national BTC reserve. Source ↗ | Not reported |
|---|
| Malaysia | Not reported | ~6 EH/s2026-06 Source estimate ↗ |
|---|
| Nigeria | Not reported | ~1 EH/s2026-03 Source estimate ↗ |
|---|
| North Korea | 803 BTCState-linked estimate · Observation: 2025-09-19 Source ↗ | Not reported |
|---|
| Norway | ~11,549 BTC equivalentIndirect / test portfolio · Observation: 2026-06-30 Indirect / portfolio exposure, NOT a directly held national BTC reserve. Source ↗ | ~16 EH/s1.7% global share · 2026-06 Source estimate ↗ |
|---|
| Oman | >1 BTC reportedState-linked estimate · Report published: 2026-02-24 Reported threshold only · exact balance and current retention unknown. Source ↗ | ~26 EH/s2.8% global share · 2026-06 Source estimate ↗ |
|---|
| Pakistan | Not reported | ~2.5 EH/s2026-06 Source estimate ↗ |
|---|
| Paraguay | Not reported | ~44 EH/s4.7% global share · 2026-06 Source estimate ↗ |
|---|
| People's Republic of China | 190,000 BTCHistorical / unresolved · Observation: 2024-01-04 Current balance unverified. A separate River report published in February 2026 estimates 15,000 BTC. The sources differ; neither figure is a verified current reserve. Source ↗ | ~115 EH/s12.2% global share · 2026-06 Source estimate ↗ |
|---|
| Russia | >1 BTC reportedState-linked estimate · Report published: 2026-02-24 Reported threshold only · exact balance and current retention unknown. Source ↗ | ~162 EH/s17.2% global share · 2026-06 Source estimate ↗ |
|---|
| Saudi Arabia | >1 BTC equivalentIndirect / test portfolio · Report published: 2026-02-24 Indirect / portfolio exposure, NOT a directly held national BTC reserve. Source ↗ | Not reported |
|---|
| Sweden | Sold · quantity undisclosedTracked case sold · Sale report published: 2026-05-08 Source ↗ | Not reported |
|---|
| Switzerland | ~1,084 BTC equivalentIndirect / test portfolio · Report published: 2026-02-24 Indirect / portfolio exposure, NOT a directly held national BTC reserve. Source ↗ | Not reported |
|---|
| Taiwan | 210 BTCSeized / custody estimate · Observation: 2025-10-31 Source ↗ | Not reported |
|---|
| Ukraine | Not a state reserveNot a state reserve · Observation: 2021-04-07 Personal declarations, NOT state-owned BTC. Excluded from the numeric heatmap. Source ↗ | Not reported |
|---|
| United Arab Emirates | 6,420 BTCState-linked estimate · Observation: 2025-10-01 Source ↗ | ~28 EH/s3% global share · 2026-06 Source estimate ↗ |
|---|
| United Kingdom | 61,245 BTCSeized / custody estimate · Observation: 2024-09-17 Source ↗ | Not reported |
|---|
| United States of America | 328,372 BTCSeized / custody estimate · Observation: 2025-12-12 Source ↗ | ~345 EH/s36.7% global share · 2026-06 Source estimate ↗ |
|---|
| Venezuela | 240 BTCHistorical / unresolved · Observation: 2022-12-31 Historical observation · current balance and retention unverified. Source ↗ | ~6 EH/s2026-06 Source estimate ↗ |
|---|