UNDER CONSTRUCTIONThe new moneywithmara.com is growing. Some pages are still being built.
← The People's LedgerSection C · Reserve Watch

The People's Ledger

Don't trust, verify.Education, not financial advice.
Reserve Watch · updated monthly

Who's saving in bitcoin?

Governments, countries and U.S. states, checked on the 1st of every month.

Which governments hold the most bitcoin?

Most of it was seized from criminals, not bought. Only a few countries chose to buy or mine it.

  1. United StatesSeized~328,372 BTCForfeited in criminal cases; none bought. AMBCrypto, Oct. 15, 2026
  2. ChinaSeized~190,000 BTCEstimate from the 2019 PlusToken case. Beijing has never confirmed it. CoinGecko Research
  3. United KingdomSeized~61,245 BTCSeized in a fraud case; courts are deciding what happens to it. AMBCrypto, Oct. 15, 2026
  4. El SalvadorBought~7,803 BTCBuying since 2022. AMBCrypto, Oct. 15, 2026
  5. BhutanMinedunder 1,750 BTCMined with hydropower; has been selling. Under 1,750 tracked in June 2026. The Block (Arkham data), June 17, 2026

Not on this list: Some trackers list Ukraine with ~46,000 BTC. That is what Ukrainian officials declared owning personally in 2021, not a government reserve. Decrypt

Bitcoin held by national governments, as of October 21, 2026; checked monthly. Bars to scale.

Global adoption tracker

Who holds it, who's building a reserve, who sold or reversed course, and who bans it. Tap a country.

  • Holds bitcoin
  • Building a reserve
  • Sold or reversed
  • Bans bitcoin
  • No reserve

Tap a country to see its story.

30 countries, one tile each, not to scale. As of October 21, 2026. Sources: AMBCrypto, government holdings (Oct. 15, 2026) · Czech National Bank, first test portfolio · The Block, Pakistan reserve · Trend, Kazakhstan crypto reserve · Launch Base Africa, Algeria's crypto law · The Block, Germany's sale · Central Banking, CAR drops crypto · The Himalayan Times, Nepal ban.

U.S. states tracker

Since 2025, more than a dozen states have tried to let their treasuries hold bitcoin. Three made it into law; most bills died. (Red marks failures we've confirmed; gray states may have tried too.)

  • No proposal found
  • Passed
  • Rejected
  • Can buy bitcoin
  • Hold only

Tap a state to see its bill.

U.S. Strategic Bitcoin Reserve

~328,372 BTC

Bitcoin forfeited to the government; no purchases so far. Created by executive order, March 6, 2025.

One tile per state, not to scale. Status as of October 21, 2026; checked monthly. Sources: Bitcoin Reserve Monitor (live tracker) · Bex, US States Lead the Bitcoin Reserve Race (Mar. 10, 2026) · Decrypt, These US States Have Passed Bitcoin Reserve Laws (Jul. 21, 2025) · Florida Senate, HB 1039 (2026) bill history; federal holdings: Benzinga, Sept. 2026 (via verified-figures ledger).

← Back to the front page