El Salvador & Bhutan governments are heading toward Bitcoin accumulation with their independent Bitcoin adoption strategy & it is triggering a big question among Bitcoin enthusiasts about the position of top leader in this term.
El Salvador & Bitcoin
In September 2021, El Salvador adopted Bitcoin as a legal tender, and at present, this country is holding a total of 6,005 BTC.
Currently, Bitcoin bull country #ElSalvador holds 6,005 BTC pic.twitter.com/c7uQ5ceLjA
— Bitcoinik (@Bitcoinikdotcom) January 3, 2025
This country is buying & mining Bitcoin at a slow speed.
🇸🇻 El Salvador mined 474 #Bitcoin now worth $46 million using volcano-fueled geothermal power 🤯 pic.twitter.com/hnhB6qkzlv
— Vivek⚡️ (@Vivek4real_) November 24, 2024
On 18 November 2024, this country purchased 778 BTC, the highest after Bitcoin adoption.This country is also allowing the country’s citizens to invest in a bond, backed by Bitcoin value & related government projects.
This is the first time in history that Bitcoin has driven sovereign bonds up in traditional markets 🤯 https://t.co/f0ch3prkp9
— Nayib Bukele (@nayibbukele) December 5, 2024
Bhutan & Bitcoin
However, Bhutan never officially announced Bitcoin adoption in any way of the payment system, but step-by-step efforts to establish Bitcoin mining centres at big scales helped the country to collect a huge amount of Bitcoin.
Currently, the Bhutan government is holding 13,029 BTC, which is nearly double the amount of Bitcoin held by El Salvador.
FUN FACT: 🇧🇹 Bhutan, the small Himalayan kingdom famed for measuring “Gross National Happiness,” has quietly become the fifth-largest sovereign #Bitcoin holder! 🪙With 13,029 $BTC, they hold more than double El Salvador’s stack! 🚀 pic.twitter.com/6D0U7qC6Eb
— Swan (@Swan) January 2, 2025
Without the direct Bitcoin adoption idea, this country is holding significantly more Bitcoin than El Salvador. So here it is difficult to say which country is ahead of others, but here we can say that competition is increasing rapidly.
New country to start buying Bitcoin
Recently, the El Salvador president shared a news report by Polymarket, which claims that there is a 75% probability that a new country may enter into the Bitcoin investment idea.
There's a 75% chance a new country buys Bitcoin this year.Who will follow in @nayibbukele's footsteps? pic.twitter.com/MM6fQJRMUc
— Polymarket (@Polymarket) January 2, 2025
As per reports, Bitcoin strategic investment-related discussions are active in nearly 21 countries.
BIG BREAKING 🚨21 COUNTRIES ARE CONSIDERING #BITCOIN STRATEGIC RESERVE ! pic.twitter.com/YaqnJwgvt8
— BITCOINLFG® (@bitcoinlfgo) January 2, 2025
List of countries with highest number of Bitcoin-holding
United States: this country holds nearly 207,189 BTC, valued at around $20.03 billion.China: this crypto-hater country holding approximately 194,000 BTC, valued at around $18.75 billion.
United Kingdom: Approximately 61,000 BTC, valued at around $5.90 billion.
Ukraine: Approximately 46,351 BTC, valued at around $4.48 billionBhutan: Approximately 13,029 BTC, valued at around $1.26 billion.
El Salvador: Approximately 6,002 BTC, valued at around $580 million.
Finland: Approximately 1,981 BTC, valued at around $191 million.
Georgia: Approximately 66 BTC, valued at around $6.38 million.
Top #Bitcoin holder Countries United States: 207,189 BTCChina: 194,000 BTCUnited Kingdom: 61,000 BTCUkraine: 46,351 BTCBhutan: 13,029 BTCEl Salvador: 6,002 BTCFinland: 1,981 BTCGeorgia: 66 BTC
— Bitcoinik (@Bitcoinikdotcom) January 3, 2025
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