Bitcoin reserves held by governments fell 12% in the last nine months, with the US and China leading in reductions. Bhutan has increased its mining stockpile. Speculations arise that Bitcoin could hit an all-time high by May, potentially exceeding $100,000.
In a notable shift within the cryptocurrency space, Bitcoin reserves held by various governments dropped by 12% over the past nine months. This decline is particularly marked for major investors like the United States and China, both of whom have reduced their overall Bitcoin holdings. Interestingly, Bhutan, a smaller player, has seen an increase in its reserves, bolstering its position through mining operations.
Current data from CoinGecko shows that the total amount of Bitcoin held by governments worldwide fell from 529,591 BTC in July 2024 to 463,741 BTC by April 2025. This represents about 2.3% of Bitcoin’s total supply. Countries like the US and Germany have contributed to this decrease, while others, like El Salvador, are actively increasing their Bitcoin stockpiles.
At present, the US boasts the largest reserves with 198,012 BTC, a drop attributed to asset liquidations. Meanwhile, China maintains 194,000 BTC in its reserves, despite having banned crypto mining and trading back in 2021. Most of its holdings stem from assets seized during past Ponzi scheme investigations. The UK follows with a stable reserve of 61,000 BTC, primarily obtained from criminal seizures, while Bhutan’s mining efforts have netted them 8,594 BTC. Surprisingly, El Salvador continuously buys one Bitcoin a day, now totaling 6,135 BTC.
Looking ahead, Bitcoin’s price has seen bullish movement, climbing 11% between late April 20 and April 26, hitting the near $94,000 mark. This uptick coincided with remarks from US President Donald Trump about possible trade tariff reductions. Additionally, Bitcoin exchange-traded funds received a notable $3.1 billion net inflow during a recent five-day period, further boosting investor confidence. With these indicators, speculation is rife that Bitcoin could hit an all-time high in May, potentially breaking the $100,000 barrier.
It’s important to remind readers that while such insights are valuable, they should not be misconstrued as financial advice. Market fluctuations are frequent, and potential investors should verify details independently and consult professionals before making financial commitments.
