
River data showed individuals reduced their Bitcoin holdings, while nation-states added BTC during 2025.
Nation-states added 135,000 BTC in 2025, while individuals reduced their Bitcoin holdings by 696,000 BTC, according to a report cited by crypto analyst Willy Woo.
Woo pointed to data from Bitcoin company River showing the number of countries holding Bitcoin rose from two in 2016 to as many as 23 in 2025. River projected individual ownership would decline further by 2036, while government and corporate holdings would grow.
The U.S. government holds 324,527 BTC, worth nearly $28 billion, according to on-chain analytics firm Arkham. Most of those holdings came from criminal and civil asset forfeitures, the report said. BitcoinTreasuries ranked the U.S. first among nation-states, followed by China and the U.K.
This article was produced with the help of AI technology. Source: Yahoo Finance