The governments of El Salvador and Bhutan are heading towards Bitcoin accumulation with their independent Bitcoin adoption strategy and it is raising a big question among Bitcoin enthusiasts about the position of the top leader in this term.
El Salvador & Bitcoin
In September 2021, El Salvador adopted Bitcoin as legal tender and this country currently holds a total of 6,005 BTC.
This country is buying and mining Bitcoin at low speed.
On November 18, 2024, this country purchased 778 BTC, the highest figure after the adoption of Bitcoin.
This country also allows its citizens to invest in a bond, backed by the value of Bitcoin and related government projects.
Bhutan and Bitcoin
However, Bhutan never officially announced the adoption of Bitcoin in any form of payment system, but step-by-step efforts to establish large-scale Bitcoin mining centers helped the country collect a huge amount of Bitcoin.
Currently, the government of Bhutan holds 13,029 BTC, which is almost double the amount of Bitcoin held by El Salvador.
Without the idea of direct Bitcoin adoption, this country owns significantly more Bitcoin than El Salvador. So here it is difficult to say which country is ahead of the others, but we can say that the competition is increasing rapidly.
New country to start buying Bitcoin
Recently, the President of El Salvador shared a news report from Polymarket, which states that there is a 75% chance that a new country could enter the Bitcoin investment idea.
Discussions related to strategic Bitcoin investment are reportedly active in nearly 21 countries.
List of countries with the highest number of Bitcoin holdings
USA: This country holds almost 207,189 BTC, valued at around $20.03 billion.
Porcelain: This cryptocurrency-hating country owns approximately 194,000 BTC, valued at around $18.75 billion.
United Kingdom: Approximately 61,000 BTC, valued at around $5.9 billion.
Ukraine: Approximately 46,351 BTC, valued at around $4.48 billion
Bhutan: 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.
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