Collectively, by April 2025, governments across the world held 463,741 Bitcoin—about 2.3% of the total in circulation. This is a striking decrease from the 529,591 BTC held in July 2024, and represents a decidedly international and state-level trend in the management of cryptocurrency reserves. From 2024 to 2025, the number of BTC held by global governments fell by 65,850 coins; from 2023 to 2024, it had only fallen by 1,052 coins. This shift reflects a strategy that is becoming increasingly fragmented on a global scale concerning Bitcoin. Whereas some nations are ramping up their holdings of this digital asset as
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