Government BTC Holdings 2026: Who Holds the Most BTC as of February 2026

[Sathish Kumar K]

This post presents a structured analysis of BTC distribution and the geopolitical implications.

Government Bitcoin Holdings (February 2026)

• Total Governments Tracked: 10
• Total BTC Held: 646,681 BTC
• Share of 21M Supply: 3.08%
• Top 3 Dominance: 89.6% 

BTC Holdings Breakdown

United States 
BTC: 328,372 
% of Supply: 1.56% 
Share of Government Holdings: 50.8%

China 
BTC: 190,000 
% of Supply: 0.91% 
Share: 29.4%

United Kingdom 
BTC: 61,245 
% of Supply: 0.29%

Ukraine 
BTC: 46,351 
% of Supply: 0.22%

El Salvador 
BTC: 7,560 
% of Supply: 0.04%

United Arab Emirates 
BTC: 6,420 
% of Supply: 0.03%

Bhutan 
BTC: 5,600 
% of Supply: 0.03%

North Korea 
BTC: 803 
% of Supply: negligible

Venezuela 
BTC: 240 
% of Supply: negligible

Finland 
BTC: 90 
% of Supply: negligible

Top 3 countries: : United States + China + United Kingdom

Together they control nearly 90% of all government BTC.

Gap Analysis – US vs China

Difference between the top two sovereign holders: 138,372 BTC

Based on data from https://cryip.co/global-governments-bitcoin-holdings.

[john_egbert]

and what would you like to make from it?

[Sathish Kumar K]

and what would you like to make from it?

Mainly to highlight how governments are positioning themselves with Bitcoin. It’s interesting to see how much BTC sovereign holders control and what that could mean for future regulation and adoption.

[SquallLeonhart]

While it's quite important obviously to know the rate in supply of it, it's also important to realize the size difference between nations as well. Like for example USA and China are huge, so for them it's nothing, whereas El Salvador is tiny so for them that's huge. Venezuela holds very small, and yet that means more to them than what Finland is holding etc.

Smaller nations should put more emphasis on this, because for them this could be a way to level the playing field on the financial markets. I am expecting that more countries to be joining here and I was thinking like $100k price level would be more than enough for the rest of countries to be convinced but probably sustaining price above $100k and then testing $200k or $1m may trigger what we do dream.