usa vs china

As of the most recent estimates in early 2025, the United States holds more Bitcoin (BTC) than China among government entities. The U.S. government is reported to possess approximately 198,109 BTC, valued at over $17 billion, primarily acquired through seizures from criminal activities. In contrast, China is estimated to hold around 190,000 BTC, largely from the PlusToken Ponzi scheme seizure in 2020, making it the second-largest governmental holder. However, there’s some uncertainty around China’s exact holdings, as the government has not publicly disclosed whether it has sold or retained these assets. Some speculation suggests China’s total could be closer to 194,000 BTC if no sales have occurred, while the U.S. figure might drop to around 112,000 BTC if certain seized assets, like those tied to the Bitfinex hack, are returned. Despite this, based on the most widely accepted current figures, the U.S. still edges out China with 198,109 BTC compared to China’s 190,000 BTC. These numbers reflect government holdings only and do not account for private or corporate ownership, where entities like MicroStrategy (with over 439,000 BTC) surpass both nations combined. The situation remains dynamic, especially with discussions of a U.S. Strategic Bitcoin Reserve potentially increasing its stash further.