Pakistan has announced plans to establish a national Bitcoin strategic reserve, joining a growing cohort of governments experimenting with digital assets.
Global government Bitcoin holdings dropped to 463,741 BTC as of April 2025, with the U.S., China, and the U.K. leading in crypto holdings despite recent liquidations.
The U.S. holds the largest government-held Bitcoin reserve, followed by China and the U.K., while Pakistan's move mirrors that of El Salvador in gradually accumulating and strategically storing BTC.
Government Bitcoin holdings come from seizures, mining, purchases, and donations, with examples like Germany selling BTC to alleviate budget pressures and Ukraine converting donated BTC for humanitarian aid.